Bitcoin, Ethereum Outperform Markets in July as Chip Stocks Plunge 22%

Bitcoin has posted an August loss every year since 2022, giving traders another seasonal risk to consider. Bitcoin (BTC) and Ethereum (ETH) look set to finish July ahead of most major asset classes, with the former adding over 7% and the latter gaining almost 20% in the last 30 days. The performance adds to a month of recovery for the two largest cryptocurrencies after a difficult first half of 2026, although historical data suggests August has been a much tougher month for BTC. Bitcoin and Ethereum Lead July Returns Data from CoinGlass at the time of writing showed that Ethereum had gained 19.5% during the month while Bitcoin had risen 7.37%. Meanwhile, a comparison by analyst Ash Crypto across major markets showed chip stocks fell 22% in the same period, with the Nasdaq 100 and the Russell 2000 slipping by 9% and 3%, respectively. The S&P 500 also fell, but its decline was much smaller than that of its counterparts, at about 1%. Silver dropped by 2.64%, but gold was little changed, adding just 0.38% to its value over 30 days. What makes the gains by the cryptocurrencies noteworthy is that before July, they had endured a rough 2026. CoinGlass data shows BTC fell more than 10% ...