Q1 2025: Bitcoin And Ethereum Show Catastrophic Performances

Bitcoin and Ethereum are experiencing a complicated start to the year 2025. Both crypto-assets are indeed recording their worst performances in several years. While uncertainty prevails in the markets, analysts are divided on a potential rebound by the second quarter. A status report is necessary!

A high-pressure first quarter for Bitcoin and Ethereum

After an euphoric end to 2024, Bitcoin and Ethereum are starting the year 2025 significantly down.

• Bitcoin drops by 6.49%, its worst first quarter since 2020.
• Ethereum plunges by 37.98%, recording an unprecedented underperformance since 2018.

This beginning of the year, disconnected from historical trends, fuels uncertainty. Since 2017, Ethereum has indeed consistently shown an average performance of +78.23% in Q1. Bitcoin, on the other hand, has recorded an average return of +51.62% since 2013. This time, however, the cryptocurrency market seems to be following an entirely different trajectory.

That’s not all! The Fear & Greed index shows 47. This also proves that crypto investors are hesitating between optimism and caution.

Additionally, a ETH/BTC ratio has dropped to 0.2348. This is the lowest level since May 2020. This means that Ethereum is massively underperforming against Bitcoin.

According to analysts, the causes of this decline largely exceed mere crypto market dynamics. They are mainly alluding to:

• the new tariffs imposed by Donald Trump, which are sowing doubt in the financial markets;
• the uncertain American monetary policy that maintains pressure on risky digital assets (including Bitcoin and Ethereum).

Crypto Market: Towards a Rebound or an Extension of the Decline?

The absence of clear bullish signals fuels the caution of crypto investors. Predictions are, in fact, extremely divided.

Pav Hundal, an analyst at Swyftx, for example, considers an immediate turnaround improbable. According to him, the crypto market will evolve blindly until mid-April while awaiting more clarity on global economic decisions.

Others anticipate a rapid rebound. This is notably the case for Colin Talks Crypto, who envisions a blast-off for Bitcoin as early as April 30. As for Swan Bitcoin CEO Cory Klippsten, he gives a better than 50% chance of a new ATH for BTC before the end of June.

The second quarter of 2025 thus proves crucial to determine between a simple correction or a deeper bearish trend for Bitcoin and Ethereum. Attention is particularly focused on mid-April, a key date to see if economic uncertainties fade and if the crypto market can rebound. A potential turning point to watch closely!