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Bitcoin 
$107,278 has experienced its worst first quarter in a decade amidst economic uncertainty, following the new administration’s economic program. Data indicates an 11.7% decline in the cryptocurrency market during this period.
Historical Comparison of Bitcoin
According to NYDIG Research, the current first quarter performance ranks 12th out of the last 15 periods. Historically, similar declines were observed at the beginning of 2015, which followed a prolonged downturn after previous peaks, eventually leading to partial recoveries. In 2020, a significant rise occurred at the year’s end following a drop caused by the pandemic. First-quarter declines in various periods have sometimes allowed for recoveries in the past.
While past election cycles fostered positive expectations for the cryptocurrency sector, such effects are not clearly observable in the current period. The withdrawal of the U.S. Securities and Exchange Commission from certain lawsuits has led to increased regulatory scrutiny in the market. However, the negativity brought about by tariffs has undermined this optimism. The administration’s policies have sparked increased discussions about the future of the sector.
Cryptocurrencies
In recent weeks, the imposition of retaliatory tariffs in the U.S. has caused significant fluctuations in the stock market. Following the tariff implementation, the S&P 500 index fell to its lowest level in 11 months, while the Nasdaq 100 index entered a downward trend. Although Bitcoin performed relatively better than some other investment assets during this period, uncertainties about the future remain.
Fluctuations in macroeconomic indicators have led analysts to raise the likelihood of a recession. Historical data shows that weak performance in the first quarter does not always signify a lasting decline. Previous experiences document instances where markets have recovered despite negative beginnings.
Forecasts regarding Bitcoin’s future are shaped by current economic uncertainties and international developments. Market analyses suggest that lessons learned from previous periods indicate similar recovery scenarios may be possible.
