Crypto Market Cap Declined in the Q1 of 2025 After a YTD High of $3.8T: CoinGecko

The crypto market cap ended the first quarter (Q1) of 2025 in a dip after beginning with a Year-to-Date (YTD) high of $3.8 trillion.

According to CoinGecko, the crypto industry saw a steep drop of 18% in its market cap in the Q1 of this year; which amounted to a $633.5 billion loss.

CoinGecko 2025 Q1 Crypto Industry Report is now LIVE 📊

Following Trump's inauguration, a global tariff war followed. After reaching a local high of $3.8T, the total crypto market cap fell 18.6% to $2.8T by the end of Q1 2025.

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— CoinGecko (@coingecko) April 16, 2025

On January 18, two days before the inauguration of President Donald Trump, the market cap was standing at $3.8 trillion courtesy of Trump’s pro-crypto stance.

However, the downward trends set in afterwards and lasted for the rest of the Q1 to close at $2.8 trillion. As of the present moment, the global cryptocurrency market cap is $2.76 Trillion, falling by 0.66% in the last 24 hours and 16.8% a year ago.

The investors’ activities also followed suit, as average daily trading volumes plummeted by 27% Quarter-on-Quarter (QoQ) to $146.0 billion.

“Meanwhile, average daily trading volume in Q1 also plummeted, falling -27.3% Quarter-on-Quarter (QoQ) to $146.0 billion. 2024 Q4 trading volume stood at $200.7 billion,” the report stated.

These downward trends were largely caused by the uncertainty that clouded the tariff hike war between the United States of America and other countries, specifically China.

Bitcoin Decreased by 11.8% in the First Quarter of 2025

In January, Bitcoin (BTC) reached a new all-time high (ATL) of more than $109k on the 20th of the month, the day Donald Trump returned to the White House; a Year-to-Date top for BTC. Nevertheless, it ended the Q1 with an 11.8% decline at $82,514.

Gold, which recorded an 18% Increase, outperformed Bitcoin in 2025 Q1.

“Amidst this quarter of turmoil and uncertainty, Gold (+18.0%) emerged as the strongest asset class in 2025 Q1. Alongside BTC, risk assets such as the NASDAQ and SP500 also declined, falling -10.3% and -4.4% respectively,” the report stated.

However, BTC dominance gained a little height of 4.6 percentage points in Q1 2025, reaching its highest level since Q1 2021. It ended the quarter with a 59.1% dominance.

Similarly, Ether and other Altcoins were hit harder by the downtrend trajectory, with many of them recently finding their way back to the top amidst the 90-day pause on tariffs.

Crypto’s Bull Market Likely to Return in Q3 of 2025

Recently, Coinbase’s recent monthly crypto market outlook revealed the crypto market is currently bearish due to global macroeconomic uncertainties and declining altcoin value, but there is optimism for recovery in the third quarter (Q3) of the year.

📉 UPDATE: CRYPTO WITNESSING A BEAR MARKET BUT LIKELY TO RECOVER IN Q3 2025 – COINBASEhttps://t.co/R4y92U5UYe

— Coinwaft (@coinwaft) April 17, 2025

In a similar development, the Bitcoin Policy Institute (BPI) is sanguine about the rise of BTC to $1 million. The BPI’s head of policy expressed that if the U.S. announced that it was buying 1 million BTC, the BTC’s new price would shake the world.