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Bitcoin's Rough Start: A Quarter Under Pressure
January and February Paint a Rare Double Decline
Bitcoin is etching a potentially historic mark into its price record this year. After dropping 10.2% in January and shedding another 13.4% through February, the leading cryptocurrency is on the verge of something it has never done before posting back-to-back losses across both opening months of the year. A climb back above $80,000 is the only thing standing between February and a red close.
Worst Three-Month Stretch Since 2018's Brutal Selloff
Zooming out, Bitcoin has shed roughly 22.3% since New Year's Day, falling from around $87,700 to current levels near $68,000. Should those losses hold through March, this quarter would rank as the worst Q1 since 2018, when Bitcoin collapsed nearly 50% in just three months. Across thirteen years of trading history, Bitcoin has closed the first quarter in negative territory seven times with 2025 logging -11.8%, 2020 recording -10.8%, and 2018 standing alone as the most punishing at -49.7%.
Ethereum Feels the Same Pressure
Ether has not escaped the downturn. Currently down 34.3% for the quarter, Ethereum is tracking toward its third-worst Q1 on record. Losses have appeared in three of its past nine opening quarters, underscoring that early-year turbulence is not exclusive to Bitcoin.
Experts Say the Foundation Remains Intact
Despite the gloomy numbers, analysts are largely resisting alarm. Nick Ruck of LVRG Research described the current selloff as a standard correctional phase with no signs of deeper structural damage. While acknowledging that macroeconomic conditions could extend near-term pain, he expressed confidence in Bitcoin's longer-term outlook.
History Says Don't Judge the Year by Its First Chapter
Analyst Daan Trades Crypto reinforced that view, pointing out that Q1 results have historically been poor indicators of full-year performance. Bitcoin has only strung together two consecutive losing first quarters in 2018 and 2022 both confirmed bear market years. Whether 2025 joins that list remains an open question, but seasoned observers suggest patience remains the more grounded response.
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