Bankless · Friday, July 31, 2026
In a month marked by significant market volatility, including the unwinding of the AI trade and stock market downturns, cryptocurrencies demonstrated remarkable resilience. Bitcoin and Ethereum, specifically, held firm and even saw gains, with Bitcoin up 11% and Ethereum up 22% over the month, showcasing unique strength compared to other asset classes.
“But Ryan, in all of that, after all of that mess, the AI trade unwinding, maybe bottoming, who knows, the stock market coming off, yields going up, all of this bearish stuff – Crypto did not blink. Crypto is up this week, showing unique strength.”
“Yes. For sure. You retain your buying power. Actually, not all crypto, but if you own Bitcoin or ETH, crypto blue chips specifically, you are a happy person this week.”
“July of 2026 was a victory for crypto and a loss for the AI trade.”