Bitcoin and Ethereum outperformed most major asset classes in July, recovering strongly after a difficult first half of 2026. However, traders remain cautious as Bitcoin approaches August, a month that has consistently delivered losses in recent years.
Over the past 30 days, Bitcoin gained more than 7%, while Ethereum climbed nearly 20%, making them two of the strongest performing major assets during the month.
Crypto Leads July Performance
According to CoinGlass data, Ethereum rose approximately 19.5% in July, while Bitcoin advanced 7.37%.
A separate comparison from analyst Ash Crypto showed that semiconductor stocks suffered the steepest decline, falling 22% during the same period. The Nasdaq 100 dropped around 9%, while the Russell 2000 declined about 3%.
The S&P 500 also finished lower, though its decline was relatively modest at roughly 1%.
Among commodities, silver lost 2.64%, while gold remained largely unchanged, posting a gain of just 0.38% over the month.
The strong July performance stands in sharp contrast to the difficult start both cryptocurrencies experienced in 2026.
Bitcoin fell more than 10% in January, extending a broader downtrend that began after its October 2025 peak. The decline continued in February with another loss of nearly 15%, before the market stabilized somewhat in March and April.
May ended with a decline of 3.41%, while June marked Bitcoin’s weakest month of the year as the cryptocurrency lost more than 20% of its value.
Ethereum also struggled during the first half of the year, recording losses of 21.26% in the first quarter and another 25.28% during the second quarter.
Bitcoin entered July trading near $58,000 before climbing steadily to a monthly high close to $67,000 last week. Ethereum followed a similar path, rising from roughly $1,500 at the beginning of the month to nearly $2,000 before momentum cooled.
At the time of writing, Ethereum was trading just above $1,900 after slipping about 1% over the past week. Despite its impressive monthly recovery, the asset remains more than 50% below its level from a year ago and approximately 61% beneath its August 2025 record high.
Bitcoin has also settled around $64,000 after absorbing the market volatility that followed the Federal Reserve’s decision to leave interest rates unchanged.
August Seasonality Raises Concerns
Although July delivered welcome gains, historical data suggests August has been one of Bitcoin’s weakest months.
CoinGlass records show that Bitcoin has finished every August since 2022 with negative monthly returns. The cryptocurrency fell 6.49% in August 2025, 8.6% in 2024, 11.29% in 2023, and 13.88% in 2022.
The seasonal trend has left analysts divided over Bitcoin’s next move.
Ali Martinez believes the current bear market could continue until October, while traders Pepesso and Crypto Lens expect another decline before a broader recovery begins in 2027.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
