Will Bitcoin and Ethereum End the First Quarter in a Downtrend... "Difficult to Rebound in the Remaining 5 Days"

Uk Jin

Summary

Bitcoin and Ethereum's first-quarter downtrend is recorded at 6.49% and 37.98%, respectively, projecting the worst first quarter.
It is predominantly analyzed that Bitcoin's rebound within the first quarter is difficult due to macroeconomic uncertainties.
It was stated that the cryptocurrency market is likely to maintain a quiet trend until mid-April when President Donald Trump's tariff plans become more concrete.

According to the cryptocurrency media outlet Cointelegraph on the 26th (local time), Bitcoin and Ethereum have recorded declines of 6.49% and 37.98%, respectively, so far this first quarter. If this trend continues, Bitcoin will have its worst first quarter since 2020, and Ethereum since 2018.

Previously, in the first quarter of 2020, Bitcoin experienced a price drop of 10.83%, and in the first quarter of 2018, Ethereum experienced a drop of 46.61%.

However, the consensus is that a rebound within the first quarter is difficult. Fab Hundal, a senior analyst at the Australian cryptocurrency exchange Swyftx, predicted, "The likelihood of Bitcoin staging a strong rally by the end of this first quarter is low."

He explained that macroeconomic uncertainties need to be resolved. Analyst Hundal stated, "The cryptocurrency market is likely to remain quiet until mid-April when President Donald Trump's tariff plans are further clarified," adding, "However, recent economic indicators suggest that the global economy remains in a healthy state."

BTC

ETH