July 2025 in returns
July 2025 belonged to Ethereum. It gained 48.8% — the single best month any major posts in this record — dragging the asset class with it to 70 of 86 coins green (81%), the widest crypto participation since November 2024. Bitcoin's 8.0% and Solana's 11.2% were afterthoughts beside it, and the tail ran hard behind: Conflux +187.1%, Pudgy Penguins +129.0%, Bonk +79.6%, Curve +79.5%, Convex +77.2%. Equities were steady rather than spectacular, the Nasdaq up 3.7% and Nvidia 12.6%, with 520 of 868 stocks (60%) higher.
The equity story was healthcare, and it was ugly. Centene fell 52.0%, Molina's peers followed, and Elevance dropped 27.2% — an insurer-wide repricing rather than a single disappointment — with Charter -34.1%, Align -31.9% and Novo Nordisk -31.8% adding to a losers' list dominated by companies whose economics had visibly changed. Against them, Astera Labs gained 51.2%, Generac 36.0%, Invesco 33.2% and Comfort Systems 31.2%. Notably CoreWeave fell 30.0%, only two months after rising 169.5% — the first crack in the trade that had defined the spring. July looks like a strong month in the headline numbers and is better read as a divergent one: crypto euphoric, equities selective, and the AI complex beginning to separate winners from the merely adjacent.
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Headline moves
Breadth: 74 of 90 top-250 coins (82%) and 528 of 883 stocks/indices (60%) finished the month green.
Counts are the assets with a completed return for July 2025— not the current universe. Crypto breadth is measured over coins ranked in the top 250 by market cap, because a thin micro-cap's return says more about its float than about the market; the stock count is not capped, so the two percentages describe different universes. The crypto count also moves month to month as coins enter and exit that top 250, and new listings and delistings shift the equity count the same way.
Top crypto ▲ (over $5b)
Top crypto ▲ (top 250)
Worst crypto ▼ (top 250)
Biggest single large-cap move this month: BE (Bloom Energy) at +56%. This is a look back at the numbers, not financial advice — see our Terms.