Bitcoin (BTC) fell nearly 12% to $82,683.16 in the first quarter amid market uncertainty, but has outperformed the S&P 500 and gold since Election Day.
Gold recently hit a new all-time high of over $3,100 since November 5th. Conversely, the S&P 500 has dropped by about 3% over the same period.
Meanwhile, BTC has skyrocketed since Election Day, up 22% from the opening price of $67,823.49
Investors selling news and harsh liquidity
The latest edition of Bitfinex Alpha Report pointed out that Bitcoin prices slipped in the first quarter due to the “selling” dynamics.
Traders may have reevaluated the lack of concrete regulatory progress after President Donald Trump took office, which had a negative impact on prices.
Furthermore, tight liquidity conditions continue to shape market conditions and remain constrained across spot and derivatives markets, with volatility compressed since the early spikes.
Although flows have been slow since their first launch, inflows to US registered spot Bitcoin ETFs are being tracked for directional queues.
In addition to these two indications, the report highlights traders closely watching shifts in terms of the Federal Reserve policy, particularly in terms of inflation data and interest rate guidance.
Signs of surrender have subsided, but market participants remain cautious. The report highlights that sustained price movements beyond the current $78,000 and $88,000 ranges are not a small one without a critical catalyst.
Altcoins continue to struggle
Despite the decline, the relative strength of Bitcoin has grown in the context of a wider crypto market slump. BTC’s domination has grown by over 61% in its total market capitalization share in the crypto era.
This shift reflects the turnover to altcoins and bitcoins as investors reduce risk exposure, further highlighted by the moves shown by Major Cap altcoins.
Ethereum (ETH) closed its second first quarter in history, exceeding 45% and selling for $1,832.80 as of press time. Meanwhile, Solana (Sol) was trading at $125.80, surpassing 33% in the first quarter, despite hitting a new all-time high of $295.11.
Other key assets such as BNB and Cardano (ADA) also declined in the first quarter, registering revisions of 13.6% and 22%, respectively. The exception was XRP, which rose 1% and was trading at $2.10 at press time.
When reporting 10:37pm UTC on March 31, 2025Bitcoin ranks number one in terms of market capitalization, and prices are rising 0.05% Over the past 24 hours. Bitcoin’s market capitalization is $1.64 trillion, with 24-hour trading volume of $30.7 billion. Learn more about Bitcoin›
When reporting 10:37pm UTC on March 31, 2025the Crypto market totals $2.67 trillion, with a 24-hour volume of $82.949 billion. Bitcoin’s advantage is currently 61.38%. Crypto Market Details›
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