Bitcoin and Ether both dropped in Q1 2025 — even though it’s historically been the second-best quarter for Bitcoin and the best for Ether.
Despite recent major developments in the crypto industry, the market has just posted its weakest Q1 performance in years — but a crypto analyst is pointing to several catalysts that could make Q2 more promising.
“Frustrating. That’s the best word to describe the past quarter,” Bitwise chief investment officer Matt Hougan said in a recent market report, calling Q1 the “best worst quarter in crypto’s history.”
Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market capitalization, saw price declines of 11.82% and 45.41%, respectively, over Q1 2025 — a quarter that has historically seen strong results for both assets. Since 2013, Q1 has been Bitcoin’s second-strongest quarter on average (51.2%) and historically the best for Ether (77.4%), according to CoinGlass data.
