The cryptocurrency market witnessed a sharp downturn in Q1 2025, with total market capitalization plummeting by 18.6%, resulting in a loss of $633.5 billion, according to CoinGecko’s quarterly report.
This significant drop reflects growing investor concerns amid persistent recession fears and global economic uncertainties.
Daily trading volumes also took a substantial hit, decreasing by 27.3% quarter-on-quarter (QoQ) to an average of $146.0 billion.