BTC

$103964.975

0.65%

ETH

$2473.074

1.02%

XRP

$2.352

-2.49%

BNB

$650.871

-0.56%

XRP

$2.351

-2.14%

Markets

Crypto Market Downturn as Bitcoin Dominance Rises

2 mins mins
Key Points:
  • Crypto market value declines 18.6%, Bitcoin’s dominance rises amid Q1 2025 downturn.
  • Ethereum falls 45.3%, erasing 2024 gains.
  • Meme coin sector and CEX volumes drop sharply.

Bitcoin’s market share increased to 59.1% despite an 11.8% decline as the crypto market fell 18.6% in Q1 2025. Ethereum’s drop reached 45.3% to $1,805, erasing all 2024 gains.

This downturn highlights Bitcoin’s resilience as Ethereum struggles. Solana maintains DEX dominance, while DeFi multi-chain TVL drops 27.5% this quarter.

Bitcoin Market Share Hits 59.1% Amid Downturn

The crypto market saw a substantial downturn, losing 18.6% of its value, dropping to $2.8 trillion in Q1 2025. Bitcoin’s market share rose to 59.1%, reflecting increased investor confidence amid declining prices. Ethereum experienced its largest quarterly drop since 2018, losing 45.3% to reach $1,805. DeFi saw a multi-chain TVL decline of 27.5%, indicating a retreat of capital flows.

The correction in the crypto market leads to caution amongst investors, with Bitcoin’s dominance noted. Solana continued to lead in the decentralized exchange space, with a significant 39.6% market share. As for centralized exchanges, spot trading volumes hit $5.4 trillion, slipping 16.3%.

This quarter’s performance shows the value of staying agile in a volatile environment. In the next quarter, we will continue to focus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem. Compliance remains a key pillar as the exchange navigates tighter global oversight while staying anchored to its core ethos: helping users trade smarter.

Though no major regulatory statements have emerged, corporate and community insights underscore cautious attitudes influenced by macroeconomic uncertainties.

Ethereum Faces Largest Decline Since 2018

Did you know? In Q1 2025, Ethereum’s 45.3% decline marked its largest quarterly drop since Q1 2018, highlighting the severity of the current downturn compared to past corrections.

CoinMarketCap data shows Bitcoin’s current price at $83,670.46, with a market cap of $1.66 trillion and a market dominance of 63.09%. The 24-hour trading volume reached $28.02 billion, reflecting a 2.54% price decline. Over 60 and 90 days, prices dropped 14.22% and 15.63% respectively, indicating recent volatility.

bitcoin-daily-chart-352
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 10:08 UTC on April 16, 2025. Source: CoinMarketCap

Coincu’s research team suggests potential regulatory scrutiny may follow this decline. Historical market cycles reveal periodic corrections are not uncommon, often followed by shifts toward safer assets and renewed focus on DeFi and key Layer 1 protocols.

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Avatar of Mayowa Adebajo

Mayowa Adebajo

16 April 2025, 10:11:48 GMT +0000

Mayowa is a seasoned freelance writer specializing in creating compelling, high-converting content across diverse industries.

With extensive experience working with major news outlets, personal blogs, and private clients, he brings a deep understanding of audience engagement and storytelling. His expertise spans SEO optimization, persuasive copywriting, and niche versatility, ensuring content that resonates and delivers results.

Armed with a strong command of the English language and a keen eye for detail, he crafts content that is both impactful and strategically tailored to meet client goals.

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