Crypto currency dips in Q1 of 2025
The latest CoinGecko quarterly report has shown a sharp downturn in cryptocurrency in quarter one of 2025, with total market capitalisation plummeting by 18.6%, resulting in a loss of $633.5 billion.
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 to an average of $146.0 billion.
For context, trading volumes stood at $200.7 billion in Q4 2024.
The decline extends to centralised exchanges as well, which recorded a 16% drop in trading volumes, compared to the previous quarter.
The report cites recession worries, coupled with the aftermath of the Bybit hack, as key contributors to this trend.
Meanwhile, the US Dollar Index (DXY) fell 4.6%, potentially influenced by uncertainty surrounding its tariffs and broader geopolitical factors.
SP/AE
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel