Odaily Planet Daily report: Data shows that Bitcoin has fallen 22.3% since the beginning of the year, potentially marking its worst first-quarter performance since 2018, when it dropped 49.7% in the first quarter. Bitcoin opened the year at approximately $87,700 and has since declined by about $20,000 to around $68,000. Additionally, Bitcoin may experience its first-ever consecutive monthly declines in January and February.
Analyst Daan Trades Crypto posted on X that the first quarter is known for its volatility, and what typically occurs during the first quarter based on historical price movements does not usually carry over into subsequent periods.
Nick Ruck, Director of LVRG Research, stated that the sustained decline in Bitcoin’s price reflects a routine correction phase rather than a structural collapse of the asset’s long-term trajectory. Historical patterns show that Bitcoin’s resilience often leads to a strong recovery in the following months.
ETH has declined 34.3% so far this quarter. Bitcoin fell 2.3% over the past 24 hours and is trading at $68,670.