After a gloomy first trimester, the feeling improved significantly.
During the first half, the cryptocurrency industry experienced spectacular fluctuations: from a macroeconomic reverse in the first quarter to a rapid resumption in the second. The Deepseek shock at the beginning of the year, the political uncertainties linked to the introduction of customs duties by the Trump administration and the constant weakening of the dollar initially sparked a general feeling of risk aversion, with massive losses for bitcoin, altcoins and mining actions. The mining companies strongly exposed to AI, which had recorded solid performance at the end of 2024, were particularly affected.
But with the suspension of protectionist measures of the American government, the feeling was clearly reversed in the spring. Bitcoin straightened up impressively, from less than $ 75,000 to a new historic record of more than $ 119,000. The mining actions have also increased sharply, with sometimes three -digit gains in the second quarter. Context: new strategic infrastructure alliances, called “colocation agreements”, between IA suppliers and bitcoin minors, for example between Coreweave (CRWV) and Galaxy Digital (GLXY) as well as Apploud Digital (APLD), have sparked a new craze. Mining farms with a cheap power supply and large data centers capacities are now considered not only as Bitcoin producers, but also as potential infrastructure poles for AI.
While the price of Bitcoin remains volatile, another subject may have become the main growth engine of the cryptocurrency sector: stablecoins. The dynamics of this market segment has accelerated considerably in recent weeks, largely thanks to the adoption of the Genius Act in the United States, which opens a new chapter with the integration of stablecoins into the traditional financial system. Stablecoins have imposed themselves as a bridge between the traditional financial world and the cryptographic economy, in particular as a means of liquid exchange and reserve of value in the volatility phases of the markets.
For the second half of 2025, market players expect growing differentiation in the cryptocurrency sector. Bitcoin remains the central macroeconomic asset, very sensitive to the signals of interest and liquidity rates. Beyond Bitcoin, the level of infrastructure gains in importance: mining actions exposed to AI, tokenization of active active people on real world on intelligent contract platforms such as Ethereum or Solana, and of course the Stablecoins, which establish new commercial models for web3 ecosystems.