Bitcoin and Ethereum are on pace to close July ahead of most major asset classes, even as chip stocks lose 22% and broader indices slip. The rally follows a rough first half of 2026 for both cryptocurrencies, though history shows Bitcoin has struggled every August since 2022.
Bitcoin and Ethereum look set to finish July ahead of most major asset classes, with Bitcoin adding over 7% and Ethereum gaining almost 20% in the past 30 days. The performance adds to a month of recovery for both cryptocurrencies after a difficult first half of 2026, though historical data suggests August has been a tougher month for Bitcoin.
Chip Stocks Lead a Broader Slide
Chip stocks fell 22% in the same period, according to a comparison by analyst Ash Crypto across major markets, while the Nasdaq 100 slipped 9% and the Russell 2000 lost 3%. The S&P 500 also fell, but its decline was much smaller, down about 1%. Silver dropped 2.64% over the same stretch, while gold was little changed, adding just 0.38% to its value.
Crypto Rebounds From a Rough First Half
July's gains follow a difficult stretch for both assets. Bitcoin fell more than 10% in January, extending a decline that began in October 2025, then lost almost 15% in February before reprieves in March and April.
May returned -3.41%, and June marked the worst month of the year, with Bitcoin losing over 20% of its value. Ethereum's first two quarters were just as bad, with Q1 returns at -21.26% and Q2 at -25.28%.
From Multi-Month Lows to Monthly Highs
Bitcoin started July trading near $58,000 before climbing to a monthly high near $67,000 last week, though price action has since cooled. Ethereum followed a similar pattern, opening the month near $1,500 and ending close to $2,000 as July drew to a close.
Still, Bitcoin has posted a loss every August since 2022, giving traders another seasonal risk to weigh.
Source: CryptoPotato
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