Meanwhile, Bitcoin (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. Crypto market unlikely to flash green before end quarterSwyftx lead analyst Pav Hundal told Cointelegraph that a “vertical swing up into the end of the quarter looks unlikely.” Ether has posted an average return of 78.23% in the first quarter of every year since 2017.
Source: CoinGlassHundal said that the crypto market will be “flying a little blind” until the middle of April, when the broader market should have better clarity on US President Donald Trump’s tariff plans.“The economic data shows a global economy in decent shape,” he said. Some analysts say it may only be a matter of weeks after that before Bitcoin sees its next significant rally.
Related: Bitcoin price has 75% chance of hitting new highs in 2025 — AnalystWhile many in the crypto industry were highly optimistic going into Q1 2025 following a strong end to 2024 after Bitcoin tapped $100,000 for the first time after Trump’s November election win, unexpected macroeconomic conditions were largely to blame for the crypto market’s downturn at the beginning of February.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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