According to the latest quarterly report by CoinGecko, in the first quarter of 2025, the total market value of cryptocurrencies faced an 18.6% decrease, equivalent to a staggering $633.5 billion loss. Trading volume on centralized exchanges also dropped by 16% compared to the previous quarter. Despite a strong start in January, major economic factors and concerns about a recession led to intense market sentiment weakening in the following two months. This situation resulted in token price decreases and consequently a decline in investor activity, with daily trading volume dropping by approximately 27.3% compared to the end of 2024. Spot trading volume on centralized exchanges also fell by 16.3%, partly attributed to the Bybit exchange hack. The report highlights significant events, such as a short-term market growth coinciding with Trump’s inauguration ceremony, leading to a temporary surge in Solana-based meme coins, which quickly fizzled out. Conversely, the turmoil surrounding the Libra token added further pressure on the market. During this period, Bitcoin’s market share reached 59.1%, the highest since 2021. However, Bitcoin itself experienced an 11.8% price drop, performing weaker than gold and US government bonds. Despite $1 billion flowing into Bitcoin ETFs, price declines caused the total assets under management of these funds to decrease to nearly $9 billion. Overall, the CoinGecko report indicates that nearly every positive market growth has been accompanied by a significant weakness, and fear of a recession has heavily influenced the cryptocurrency market. Visit the digital currencies’ live price page to track all tokens and cryptocurrencies’ prices in real-time.
