Just one Bitcoin treasury company managed to outperform the bellwether S&P 500 — which returned investors 16% — in 2025, according to a new report from BitcoinTreasuries.net.
The Blockchain Group, a France-based treasury company, has soared roughly 164% since January 1.
Every other major treasury has underperformed — Strategy is down 12%, Metaplanet has lost nearly one-third of its stock price, and Nakamoto, the self-proclaimed treasury company for treasury companies that raised over $600 million to buy Bitcoin, has bled out over 98%.
The Blockchain Group, a France-based treasury company, has soared roughly 164% since January 1.
Every other major treasury has underperformed — Strategy is down 12%, Metaplanet has lost nearly one-third of its stock price, and Nakamoto, the self-proclaimed treasury company for treasury companies that raised over $600 million to buy Bitcoin, has bled out over 98%.
Bitcoin has historically moved in a four-year cycle, with three significant “up” years followed by a sharp pullback year. According to this cycle, 2026 should be a pullback year.
We don’t see that happening.
In our view, the forces that previously drove four-year cycles—the bitcoin halving, interest rate cycles, and crypto’s leverage-fueled booms and busts—are significantly weaker than they’ve been in past cycles.
We don’t see that happening.
In our view, the forces that previously drove four-year cycles—the bitcoin halving, interest rate cycles, and crypto’s leverage-fueled booms and busts—are significantly weaker than they’ve been in past cycles.
The euro-denominated stablecoin market is experiencing rapid growth against the trend, with its total market capitalization recently surpassing $400 million, representing a growth rate of over 170% since the beginning of the year. This growth is primarily driven by regulatory impetus from the EU's Crypto Asset Markets Act (MiCA) and the demand for market diversification.
Two House members seeks to overhaul key aspects of crypto taxation by introducing a safe harbor for small stablecoin transactions and offering a compromise approach to taxing rewards from blockchain validation activities.The framework, developed by Representatives Max Miller and Steven Horsford, proposes exempting regulated, dollar-pegged stablecoin transactions below $200 from capital gains taxes, while leaving other crypto trades subject to existing rules.
After a new governance alignment proposal was moved to a Snapshot vote, the Aave DAO is once again experiencing tension. The shift provoked resistance from major players in the ecosystem and coincided with a drastic drop in the price of its native token.The price of AAVE dropped due to a rushed governance vote which is currently dividing the DAO.
Bitget has doubled its Bitcoin reserves over the past year, now holding 34,055 BTC worth around $3 billion as of December 2025. The 114% year-over-year increase underscores the exchange’s push to fortify its balance sheet amid rising institutional interest.From 28,022 BTC in August, Bitget grew its holdings to 30,300 BTC by October, and added another 4,000 BTC by December, marking a steep rise in accumulation momentum.
Steph noted that the last time this signal appeared, the XRP price entered a long accumulation phase before the next major move higher. As such, the analyst claimed that this again suggests that the downside risk is structurally limited and that long-term holders are absorbing supply rather than distributing. He further remarked that these signals tend to mark cycle lows rather than short-term trades.
Popular crypto analyst PlanD has drawn attention to a key development on the Bitcoin price chart, and identifies a pivotal development around $90,650 price level. Notably, the premier cryptocurrency has struggled to break past the $90,000 price region since crashing below the price zone in mid-December.
Axel Adler also shared a forward-looking forecast chart tracking the convergence between the 30-day and 90-day moving averages of Bitcoin’s Supply in Profit metric, offering a potential roadmap for the next structural shift. The model extrapolates current rates of change to estimate when a bullish configuration—defined by SMA 30 crossing above SMA 90—could emerge.
The Dogecoin price rallied alongside other meme coins, with PEPE leading the way with a daily gain of as much as 35%. With DOGE now back above $0.13, a new all-time high could be on the cards, as BALO predicted. His accompanying chart showed that the meme coin could reach a yearly high of around $0.44 this year, then rally to a new ATH of $0.74 in 2027.
XRP price started a decent upward move above $2.00 and $2.020, like Bitcoin and Ethereum. The price gained pace for a clear move above the $2.10 resistance.The bulls even pumped the price above the $2.150 zone. A high was formed at $2.165 and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $1.983 swing low to the $2.165 high.
Apart from whale accumulation, Bitcoin supply on exchanges has fallen to around 13.7%, one of the lowest levels since 2018. On Binance, exchange balances are even tighter, close to 3.2%.
In the last seven days alone, 21,400 BTC left exchanges. Over the past few months, more than 200,000 BTC, valued at nearly $18 billion, has moved off exchanges into long-term storage.
In the last seven days alone, 21,400 BTC left exchanges. Over the past few months, more than 200,000 BTC, valued at nearly $18 billion, has moved off exchanges into long-term storage.
The Bitcoin price still has a chance to escape the snares of its historical woes. For this to happen, the world’s leading cryptocurrency would have to reclaim the 50-week moving average and hold above it for prolonged periods. The price of Bitcoin stands at around $90,352, reflecting no movement in the past day.