According to external sources, the overall performance of the encryption market was significantly behind that of United States shares and bulk commodities towards the end of the first half of 2026. Bitcoin has continued to decline, but the fall is smaller than that of the Taifeng and Strategy, a listed company with a large number of bitcoins.
Fragmentation of major asset performance
By the end of June, Bitcoin had fallen by about 32 per cent during the year, by about 47 per cent in the case of the Taifa and by 43 per cent in the case of Strategy. During the same period, the total market value of the encryption market fell by about 30 per cent, to close to $2 trillion, near the level before the November 2024 elections in the United States.
The article mentions that traditional markets performed better during the same period. The NASDAQ 100 index rose by about 16 per cent, the General 500 index by about 7.4 per cent and the United States dollar index by about 3 per cent. WTI crude oil futures rose by about 20 per cent and Bloomberg Commodity Index futures by about 13 per cent.
Precious metals are also under pressure. Gold fell by over 6 per cent, silver by about 18 per cent, gold by about 24 per cent. According to the article, the market in the first half of the year was more oriented towards assets that were more closely linked to economic activity and geo-situations rather than relying on narrative-driven varieties.
Stable currency share rises
The return of risk assets has been accompanied by a relatively more stable performance of the United States dollar. USDT supply remained around $186.0 billion, with no significant contraction, but its market share rose to 9.17 per cent, an increase of approximately 43 per cent over the previous period.
According to the article, this change suggests that the funds did not withdraw from the encryption system on a large scale, but instead moved from a more volatile currency to a stable currency, with a temporary presence.
A few projects are on the rise.
Most mainstream tokens fell in the first half of the year, with a few exceptions. The article named HYPE increased by more than 140% during the year. Its strength was attributed to increased volatility and active trade in products related to traditional financial assets on its parent platform, Hyperliquid.
According to this article, encryption projects with a stronger link to traditional financial assets are attracting the attention of some digital asset dealers. However, this judgement is based mainly on the performance of the phased market and has not changed the overall weak market pattern of the first half of the year.