Goldman Sachs tuned cautiously bullish on crypto stocks for H2 as $BTC and alts rise.
According to their latest research crypto trading volumes fell 30% in July and another 21% in August, extending the contraction beyond previous cycles.
Yet market cap has rebounded roughly 21% to $2.8T in just a week, while total trading activity remains around 75% below its peak.
This divergence is the key.
If market cap can hold these levels, Goldman sees room for volumes to catch up as the institutional picture is changing too:
- 35% of institutions still cite regulation as the biggest barrier
- 32% see regulatory clarity as the main catalyst for adoption
According to their latest research crypto trading volumes fell 30% in July and another 21% in August, extending the contraction beyond previous cycles.
Yet market cap has rebounded roughly 21% to $2.8T in just a week, while total trading activity remains around 75% below its peak.
This divergence is the key.
If market cap can hold these levels, Goldman sees room for volumes to catch up as the institutional picture is changing too:
- 35% of institutions still cite regulation as the biggest barrier
- 32% see regulatory clarity as the main catalyst for adoption
