Analysis: Bitcoin has fallen 22.3% year-to-date, potentially marking its worst first-quarter performance since 2018

According to data, Bitcoin has fallen 22.3% since the beginning of the year, potentially marking its worst first-quarter performance since 2018, when it fell 49.7% in Q1. Bitcoin started the year trading around $87,700 and has since fallen approximately $20,000 to around $68,000. Furthermore, Bitcoin may record consecutive monthly declines in January and February for the first time.

Analyst Daan Trades Crypto stated on platform X that the first quarter is known for its volatility, and based on historical price movements, what happens in Q1 typically does not carry over into subsequent periods.

Nick Ruck, Director of LVRG Research, said that the continued decline in Bitcoin's price reflects a routine correction phase, not a structural breakdown in the asset's long-term trajectory. Historical patterns show that Bitcoin's resilience often leads to a strong recovery in the following months.

ETH has fallen 34.3% so far this quarter. Bitcoin is down 2.3% in the past 24 hours, trading at $68,670.