On April 17, according to BeInCrypto, according to the quarterly report of CoinGecko, the total market value of cryptocurrencies fell sharply by 18.6% in Quarter 1, 2025, and the loss was as high as $633.50 billion. As the price of tokens fell, investor activity decreased significantly, and the daily trading volume decreased by 27.3% compared with the end of 2024. Among them, the spot trading volume of centralized exchanges decreased by 16.3%. CoinGecko analysis believes that this is at least partially related to the hack of the Bybit exchange.
In Quarter 1, 2025, Bitcoin's market dominance has increased, accounting for 59.1% of the total cryptocurrency market capitalization. Not since 2021 has Bitcoin reached such a high market share, which shows its stability relative to other cryptocurrencies. However, Bitcoin's price has also fallen by 11.8%, underperforming gold and US Treasuries. The report also revealed that losses were more severe for other cryptocurrencies. The entire gains accumulated by Ethereum in 2024 were wiped out in Quarter 1, 2025, and the total locked value (TVL) of multi-chain DeFi also fell by 27.5%.
Report: Total Cryptocurrency Market Cap Drops 18.6% in Q1 2025, Losses Up to $633.50 billion
2025-04-17 05:26:32
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