Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down
As of Mar. 31, Bitcoin is trading around $82,000, marking a nearly 13% drop for the quarter. It’s on track to register its weakest Q1 performance in seven years, ending a two-year run of solid first-quarter gains.
To put that into perspective, Bitcoin jumped 72% in Q1 2023 and climbed another 69% in Q1 2024. The last time it faltered this badly in the first quarter was in 2018, when it plunged nearly 50% during the fallout of the ICO boom.
When we zoom out, a more nuanced picture begins to emerge. Between 2017 and 2025, Bitcoin has ended Q1 in the red four times out of nine.