Well now, gather ’round, folks, for it seems our dear friends Bitcoin and Ethereum are fixin’ to have a first quarter that would make a cat laugh—if only it weren’t so pitiful! Unless they can muster up a rally that would make a circus tent blush, they’re headed for a right good tumble.
Ether, bless its heart, has taken a nosedive of 37.98% this quarter, the worst it’s seen since 2018, when it plummeted like a rock in a pond—46.61% to be exact! Meanwhile, Bitcoin, that old stalwart, is down 6.49%, marking its worst Q1 since 2020, when it saw a decline of 10.83%. Talk about a rough patch! 🥴
Crypto market unlikely to flash green before end quarter
Now, Swyftx’s lead analyst, Pav Hundal, has declared that a “vertical swing up” is about as likely as a snowball in hell. He told CryptoMoon that the crypto market is “flying a little blind” until mid-April, when we might finally get a glimpse of what President Trump’s tariff plans are up to.
According to Hundal, the economic data shows a global economy that’s in decent shape—whatever that means! Some analysts are whispering that it might only be a matter of weeks before Bitcoin decides to take off like a bat out of hell.
Colin Talks Crypto, a commentator with a flair for the dramatic, suggested on March 19 that Bitcoin might just be gearing up for its “next major blast-off” around April 30. Meanwhile, Swan Bitcoin’s CEO, Cory Klippsten, is feeling optimistic, claiming there’s more than a 50% chance Bitcoin will hit all-time highs before June bids us adieu.
Historically, the first quarter has been Ether’s strongest and Bitcoin’s second-best. Since 2017, Ether has averaged a whopping 78.23% gain in Q1, while Bitcoin has seen a respectable 51.62% return since 2013. Not too shabby, eh?
As of this very moment, Bitcoin is trading at $87,558, while Ether is at $2,059, both up a smidge over the past 24 hours—5.08% and 5.88%, respectively. A little glimmer of hope, perhaps? 🌟
Meanwhile, the ETH/BTC ratio, which shows Ether’s strength compared to Bitcoin, is at its lowest since May 2020, sitting at 0.2348. Oh, how the mighty have fallen! 📉
The rest of the crypto market is following suit, with the entire capitalization declining 11.65% since January 1, now sitting at a mere $2.88 trillion. What a sight to behold!
While many in the crypto world were as optimistic as a child on Christmas morning going into Q1 2025, the unexpected macroeconomic conditions have thrown a wrench in the works. After Bitcoin dipped below $100,000 in February, thanks to Trump’s tariffs and the uncertainty of the US federal interest rate, the market sentiment turned as sour as a lemon. The Crypto Fear & Greed Index was reading a “Neutral” score of 47 as of March 26. Ain’t that a kick in the pants?
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2025-03-26 07:38