Bitcoin is on track for its worst first-quarter performance since 2018, with prices dropping 11.86% in Q1 2025, according to CoinGlass.
Bitcoin’s performance this quarter is shaping up to be its worst since 2018, when it fell 49.7%. Its current 11.86% drop surpasses the 10.83% decline from Q1 2020. If prices recover slightly, the quarter’s losses could settle below the 2020 figure, but continued pressure could push Bitcoin below the $80,000 level. The recent sell-off erased almost all of Bitcoin’s weekly gains, and investors remain cautious ahead of President Trump’s U.S. tariffs set to take effect on April 2. Stronger-than-expected core PCE data has also contributed to uncertainty in the market.
Ethereum ETFs saw a rare positive day on Friday, breaking a 17-day streak of net outflows. Grayscale’s ETHE fund brought in $4.68 million, while other Ethereum ETFs recorded no major inflows or outflows. The total value of U.S. spot Ethereum ETFs stands at $6.42 billion, a fraction of the $94.39 billion held by Bitcoin ETFs. Grayscale’s ETHE remains the largest Ethereum ETF with $2.28 billion in assets, followed by BlackRock’s ETHA at $2.24 billion.
Ethereum’s price is down about 2.5% in the past 24 hours. The network is preparing for its Pectra upgrade, expected in late April or early May, after its successful deployment on the Hoodi testnet.
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