Bitcoin and Ethereum have prepared to suffer their worst first quarter in years unless they can pull a large rally in the next few days.
Ether (Eth) dropped 37.98% to this day in the first quarter of 2025, the worst rejection of Q1 since 2018, when it fell 46.61%, According to in coinglass data. Meanwhile, Bitcoin (Btc) has dropped 6.49% to this day in the quarter, which ended on March 31 – marked Q1’s worst performance since 2020, when a 10.83% decline was seen.
The crypto market is not likely to flies green before the end of the quarter
SwyftX lead analyst Pav Hundal told Cointelegraph that a “vertical swing to the end of the quarter seems unlikely.”
Ether posted an average return of 78.23% in the first quarter of each year since 2017. Source: Coinglass
Hundal said the crypto market “flying a little blind” until mid -April, if the broader market should have better clarity on President Donald Trump’s presidential tariff plans.
“Economic data shows a global economy in a decent shape,” he said.
Some analysts say it can only be a few weeks after Bitcoin can see the next significant rally.
Crypto commentator Colin is talking to crypto Says In a post of March 19 X that Bitcoin could start the “next major explosion” around April 30. Meanwhile, SWAN BITCOIN CEO COY CORY KLIPPSTEN It was said earlier this month that there was more than a 50% chance that Bitcoin would hit all the time high before the end of June.
The first quarter is history that has become Ether’s strongest and second-best-best of Bitcoin. Since 2017, Ether has been averaging a 78.23% benefit to Q1, while Bitcoin has seen an average return of 51.62% since 2013.
At the time of publication, Bitcoin traded at $ 87,558, while Ether traded at $ 2,059, up to 5.08% and 5.88% over the past 24 hours, respectively.
Meanwhile, the ratio of ETH/BTC – which shows the Kamag -child ether in Bitcoin – has been at its lowest point since May 2020, sitting at 0.2348, According to In tradingview data.
The ETH/BTC ratio sits at 0.02348 at the time of publication. Source: Tradingview
The rest of the Crypto Market followed the downtrend of two largest cryptocurrencies by Market Cap, along with the entire capitalization of the crypto market dropping 11.65% since January 1, sitting at $ 2.88 trillion at the time of publication, According to In CoinMarketCap data.
Related: Bitcoin price has a 75% chance of hitting new highs in 2025 – analyst
While many in the crypto industry are fully optimistic about going to Q1 2025 following a strong end to 2024 after Bitcoin tapped $ 100,000 in the first time after the November election of November, the unexpected macroeconomic conditions would be more likely to regret the crypto market at the beginning of February.
After Bitcoin returned below $ 100,000 in February, amid Trump imposed tariffs and uncertainty around the future of the Federal US interest rate, the broader sentiment in the market became terrified. The sentiment-tracking of crypto fear and greed Index reads a “neutral” mark of 47 to March 26th.
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