In Q1 2025, the crypto market cap fell by 18.6%, translating to a loss of 633 billion USD, largely due to recession fears. Bitcoin’s dominance increased to 59.1%, but its price fell by 11.8%, underperforming compared to gold and U.S. Treasury bonds.
The DeFi sector saw substantial losses, with Ethereum losing all its 2024 gains, and Solana’s total value locked (TVL) declining over 20%. Daily trading volumes on centralized exchanges decreased by 27.3%, indicating a drop in investor activity.
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