- Bitcoin is headed for its worst first-quarter performance since the 2018 bear market, down 22.3% year-to-date, according to data from CoinGlass.
- The cryptocurrency is on track for its first-ever consecutive monthly losses in January and February, needing a rally above $80,000 to avoid a red February.
- Analysts characterize the drop as a regular market correction within Bitcoin’s volatile historical cycle, suggesting long-term trajectory remains intact.
- Ether is experiencing its third-worst Q1 historically, with losses of 34.3%, according to the data.
Bitcoin is poised for its most challenging first quarter in eight years, with its price declining sharply from around $87,700 to approximately $68,000 since the start of 2025. This 22.3% drop puts it on a trajectory for the worst Q1 performance since its 49.7% crash in 2018, according to CoinGlass data. Consequently, the asset has now logged losses in seven of the past thirteen first quarters.
Meanwhile, Bitcoin faces an unprecedented streak of monthly losses to begin a year. It needs to reclaim the $80,000 level to prevent its first-ever consecutive red January and February, having already fallen 10.2% and 13.4% in those months, respectively. Analyst Daan Trades Crypto observed that “whatever happens in Q1 does not generally translate over further down the line.”
However, Nick Ruck of LVRG Research told Cointelegraph the decline reflects a “regular correctional phase.” He added that historical patterns show Bitcoin’s resilience often leads to strong recoveries in later months. At the time of writing, Bitcoin trades around $68,670, according to CoinGecko, marking its fifth straight week of losses.
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