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