Crypto Daybook Americas: Bitcoin Expected to Experience Its Most Significant Q1 Decline Since 2020
A comprehensive look ahead for March 21, 2025
With a week left until the close of March, the crypto market is seeing disappointing trends, especially regarding Bitcoin (BTC) and Ethereum (ETH). BTC has seen a substantial decline of 10%, marking its poorest first-quarter performance in five years, while ETH exhibits similar weaknesses.
Markets continue amid the concluding stages of President Donald Trump’s initial 100 days in office, known for creating an environment of unpredictability. Experts predict further volatility leading into April.
As the quarter draws to a close, upcoming financial strategy shifts, liquidity concerns, and position adjustments may cause increased market fluctuations, as highlighted by the London Crypto Club, known for its trading insights.
Despite the recent downturns, analysts maintain a positive outlook for the coming quarter. The Federal Reserve’s recent dovish tone regarding rates could favor the market given the slowing yet stable condition of the U.S. economy. Furthermore, unexpected fiscal policies in the European Union could bolster market confidence.
Bitcoin’s decline began when Trump failed to provide clear directives on a strategic reserve for Bitcoin or adjustments to crypto taxation, dampening sentiment among market participants. The Blockhead Research Network suggested that while long-term crypto prospects appear promising, the lack of immediate policy direction is a short-term negative sign.
What to Watch
- Crypto: March 21, 1:00 p.m.: The SEC will hold a roundtable that focuses on defining securities, open to the public.
- March 24: Bitcoin miner CleanSpark is expected to join the S&P SmallCap 600 index.
- March 25: Several network upgrades and testnets are scheduled to activate across different platforms, including Ethereum.
Market Movements
- Current Bitcoin price is reported at $83,765.83, down 2.68%.
- Ethereum is at $1,944.23, a decline of 2.88%.
Stay engaged as the crypto landscape develops over the coming days, ensuring to stay updated with the latest market changes.
