Bitcoin (BTC) and Ethereum (ETH) had their worst Q1 results in years, so the cryptocurrency market is preparing for a rough end to the first quarter of 2025. Analysts don’t think there will be a last minute surge before the March 31 limit. Even though both significant cryptocurrencies have had good first quarters in the past, they have had a rough time lately because of changes in market sentiment and macroeconomic uncertainty.
Ethereum’s Worst Q1 Since 2018
As of Q1 2025, Ethereum has dropped 37.98%, the most since 2018’s 46.61% drop in the first quarter. Since 2017 Ether has had an average Q1 gain of 78.23%, but this year has been very different. The ETH/BTC ratio has dropped to 0.2348; the lowest it has been since May 2020. This shows that Ethereum is losing strength against Bitcoin.
Bitcoin’s Worst Q1 Since 2020
This is the worst first quarter for Bitcoin, the biggest cryptocurrency in the world, since 2020 when it fell 10.83%. Bitcoin is down 6.49% in Q1 2025. BTC hit an all time high of $100,000 in late 2024.
Analysts expect slow recovery
Crypto experts say there will not likely be a sharp rebound before the end of the quarter. Pav Hundal, an analyst at Swyftx, thinks the market will stay flat until the middle of April when more information about Trump’s tariff plans becomes public.
Cautious Crypto Market Sentiment
Since January 1 the total value of the crypto market has dropped 11.65% to $2.88 trillion. A key measure of market mood, the Crypto Fear & Greed Index, is currently reading “Neutral” at 47, which shows that the market is unsure of what to do. The $100,000 mark for Bitcoin made investors optimistic at the beginning of 2025. However, they now must deal with an uncertain economic environment.
Conclusion
It’s almost the end of Q1 2025, and Bitcoin and Ethereum will end in the red quarter. This will be one of their worst starts in years. Analysts are still optimistic about a possible rebound in Q2, even though short-term gains don’t look likely. The economy is becoming more apparent, and investors feel more confident again.
