Bitcoin and Ethereum have been about to undergo their worst first quarter for years unless they can make a huge gathering in the coming days.
Ether (ETH) has dropped 37.98% so far in the first quarter of 2025, its worst drop in the first quarter since 2018, when it dived 46.61%, according to Coiglass data. Meanwhile, Bitcoin (BTC) is down 6.49% during the quarter, which should end on March 31 – marking its worst Q1 performance since 2020, when it has dropped by 10.83%.
Cryptography market is not very susceptible to green flash before the end quarter
Swyftx’s main analyst Pav Hundal told Cintelegraph that a “vertical swing upwards at the end of the neighborhood seemed unlikely”.
Ether posted an average yield of 78.23% in the first quarter of each year since 2017. Source: Source: Rinsing
Hundal said the cryptography market “would fly a little blind” until mid-April, while the wider market should have better clarity on the price of American President Donald Trump.
“Economic data shows a global economy in decent form,” he said.
Some analysts say that it may be just a question of weeks after that before Bitcoin sees his next significant rally.
The commentator of Crypto Colin Talks Crypto said in a post of March 19 X that Bitcoin could begin his “next major explosion” around April 30. Meanwhile, Swan Bitcoin CEO Cory Klippsten said earlier that there were more than 50% chance that Bitcoin reached heights of all time before the end of June.
The first quarter was historically the strongest of Ether and the second best of Bitcoin. Since 2017, Ether has an average gain of 78.23% in the first quarter, while Bitcoin has experienced an average yield of 51.62% since 2013.
At the time of publication, Bitcoin is negotiated at $ 87,558, while Ether is negotiated at $ 2,059, up 5.08% and 5.88% in the last 24 hours, respectively.
Meanwhile, the ETH / BTC ratio – showing Ether’s relative force to Bitcoin – has been at the lowest point since May 2020, sitting at 0.2348, according to tradingView data.
The ETH / BTC ratio is 0.02348 at the time of publication. Source: Tradingview
The rest of the cryptography market has followed the downward trend of the two largest cryptocurrencies by market capitalization, all the market capitalization of cryptography decreasing by 11.65% since January 1, located at 2.88 billions of dollars at the time of publication, according to CoinmarketCap data.
In relation: Bitcoin Price is 75% likely to reach new heights in 2025 – Analyst
While many members of the cryptographic industry were very optimistic in the first quarter of 2025 following a strong end at 2024 after Bitcoin typed $ 100,000 for the first time after the Trump elections of Trump, the unexpected macroeconomic conditions were largely responsible for the slowdown of the cryptography market in early February.
After Bitcoin traced below $ 100,000 in February, in the midst of Trump’s prices and uncertainty around the future of the American federal interest rate, the wider feeling of the market has become frightening. The Crypto Fear & Greed index, followed by the crypto, read a “neutral” scoring from March 47 to 26.
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This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
