Bitcoin (BTC) and Ethereum (ETH) are showing deteriorating performance in the first quarter of 2025. Analysts predict the worst quarterly results in years.
Bitcoin and Ethereum Downturn
Despite the initial surge of Bitcoin and altcoins at the start of the year, prompted by Donald Trump's statement, this trend has shifted. According to Coinglass data, Bitcoin has lost 6.49% during the first quarter, marking its worst performance since 2020. Ethereum has dropped by 37.98%, the steepest decline since 2018.
Cryptocurrency Market Data
Bitcoin and Ethereum continue to lose ground. Bitcoin remains without significant recovery efforts, while Ethereum fell a substantial 46.61% in the first quarter of 2018. Swyftx chief analyst Pav Hundal considers a strong rally unlikely by the end of the first quarter.
Near-Term Forecast
According to the analyst, the cryptocurrency market may remain at current levels until mid-April when more clarity emerges about US President Donald Trump’s tariff plans. Analysts suggest that this could impact the potential dynamics on the cryptocurrency market.
Thus, the outlook for Bitcoin and Ethereum remains weak, and significant recovery in the coming weeks is unlikely. The downturn in the first quarter of 2025 could be the worst in recent years for both cryptocurrencies.
