Bitcoin and Ethereum could suffer from their worst first-quarter in many years, unless there is a massive rally over the next few weeks.
EtherETHIt has declined by 37.98% over the first three months of 2025. That is its largest decline in Q1 since 2018. according CoinGlass provides data. Bitcoins (BTC) is down 6.49% so far over the quarter, which is slated to end on March 31 — marking its worst Q1 performance since 2020, when it saw a 10.83% decline.
Before the end of quarter, it is unlikely that crypto markets will flash green.
Swyftx’s lead analyst Pav Hundal, told Cointelegraph: “vertical swing up into the end of the quarter looks unlikely.”
Ether returned an average of 78.23% every first quarter since 2017. Source: CoinGlass
Hundal has said that crypto will become a mainstream market. “flying a little blind” The market will not be able to fully understand the US President Donald Trump tariff plans until mid-April.
“The economic data shows a global economy in decent shape,” He said.
According to some analysts, it could only be weeks before Bitcoin’s next major rally.
Crypto commentator Colin Talks Crypto said In a post on March 19, X, Bitcoin could begin its “next major blast-off” around April 30. Meanwhile, Swan Bitcoin CEO Cory Klippsten In a statement earlier in the month, it was stated that Bitcoin is likely to reach its highest point before June’s end.
Ether and Bitcoin have historically had their best quarters in the first three months. Ether’s average Q1 gain since 2017 is 78.23%, while Bitcoin averaged 51.62%.
Bitcoin was trading at $87.558 at the time of this publication. Ether traded at $2.059. Both are up 5.88% in the last 24 hours.
Meanwhile, the ETH/BTC ratio — showing Ether’s relative strength to Bitcoin — is at its lowest point since May 2020, sitting at 0.2348, according TradingView is a source of data.
Source: The ETH/BTC Ratio is 0.02348 as of the publication. Source: TradingView
As of this publication, the overall crypto market capitalization is down 11.65% from January 1. It was $2.88 trillion. according CoinMarketCap Data
Related: Bitcoin price has 75% chance of hitting new highs in 2025 — Analyst
Many in the crypto sector were very optimistic heading into Q1 of 2025 after a successful end to 2024, when Bitcoin reached $100,000 for the 1st time following Trump’s election victory. However, it was unexpected macroeconomic circumstances that were to blame for crypto’s decline at the start of February.
Bitcoin’s decline below $100,000 and the uncertainty surrounding the US federal rate led to a fearful market. The sentiment-tracking Crypto Fear & Greed Index Was reading a “Neutral” As of the 26th of March, score 47.
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Source: cointelegraph.com
