Analyst: Bitcoin and Ethereum may face the worst Q1 performance in years
According to Cointelegraph, unless there is a significant rebound in the next few days, Bitcoin and Ethereum will have their worst first quarter performance in years.
Swyftx Chief Analyst Pav Hundal said that it's unlikely for a "vertical rise" to occur within six days before the end of the first quarter of 2025. Hundal stated that until mid-April, the crypto market will be "somewhat flying blind", by which time there should be a clearer understanding of US President Trump's tariff plan. "Economic data shows that global economic conditions are good," he added.
According to CoinGlass data, Ethereum (ETH) has fallen 37.98% so far in the first quarter of 2025, marking its worst Q1 performance since 2018 when it plummeted by 46.61%. Meanwhile, Bitcoin (BTC) has dropped by 6.49% this quarter so far with the quarter ending on March 31st; this marks its worst Q1 performance since 2020 when it fell by 10.83%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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