{"id":22477,"date":"2025-04-17T05:46:55","date_gmt":"2025-04-17T05:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22477"},"modified":"2025-04-17T05:46:55","modified_gmt":"2025-04-17T05:46:55","slug":"q1-has-been-the-best-worst-quarter-in-crypto-history-bitwise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22477","title":{"rendered":"Q1 Has Been The Best Worst Quarter in Crypto History: Bitwise"},"content":{"rendered":"<div>\n<p>In a crypto market review released on April 16, asset manager Bitwise described Q1 2025 as \u201cthe best worst quarter in crypto\u2019s history.\u201d\u00a0It was a \u201cfrustrating\u201d period for the industry, said the firm\u2019s chief investment officer, Matt Hougan.<\/p>\n<p>Q1 has been historically positive with the first pro-crypto US president taking office, the creation of a <a href=\"https:\/\/cryptopotato.com\/white-house-mulls-bitcoin-reserve-backed-by-gold-and-tariffs\/\" data-wpel-link=\"internal\">strategic Bitcoin reserve<\/a>, the SEC dropping most of its lawsuits, and the end of the Biden-era war on crypto.<\/p>\n<blockquote>\n<p>\u201cCrypto dreamed of these developments for years, and they finally all happened.\u201d<\/p>\n<\/blockquote>\n<h2>The Good, The Bad, and The Ugly<\/h2>\n<p>Yet markets and sentiment did not reflect the good fortune. The Bitwise 10 Large Cap Crypto Index dropped 18%, crypto equities tumbled 27%, and Ethereum fell an astonishing 45%, he added.<\/p>\n<p>Total market capitalization tanked almost 20% over the three-month period as $650 billion exited the space. Those losses extended into April as markets are currently down 30% from their January all-time high of $3.9 trillion.<\/p>\n<p>However, it was not all bad news. \u201cSearch out things that are hitting new all-time highs when prices are down. They are a sign of where the next bull market will come from,\u201d advised Hougan.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Search out things that are hitting new all-time highs when prices are down. They are a sign of where the next bull market will come from. <a href=\"https:\/\/t.co\/tYnFNlceg2\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/tYnFNlceg2<\/a><\/p>\n<p>\u2014 Matt Hougan (@Matt_Hougan) <a href=\"https:\/\/twitter.com\/Matt_Hougan\/status\/1912637604882939936?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Stablecoin circulation reached an all-time high of over $218 billion, up 13.5% quarter-over-quarter, while transaction volume also surged 30%, he noted. Current stablecoin market capitalization is $236 billion, which represents around 8.6% of the total crypto market cap and more than any other asset aside from Bitcoin, according to CoinGecko.<\/p>\n<p>Additionally, tokenized real-world assets \u201cwent parabolic\u201d in Q1, growing 37% quarter-over-quarter to a new all-time high, he added.<\/p>\n<p>Finally, regulated Bitcoin futures trading volume and open interest also hit all-time highs, suggesting \u201cinstitutional interest in crypto as a macro trading asset is growing,\u201d he said before suggesting that these trends could lead markets higher.<\/p>\n<blockquote>\n<p>\u201cAs we move into Q2, I would expect these and related areas to lead the market higher.\u201d<\/p>\n<\/blockquote>\n<p>On the ugly side was the $1.5 billion Bybit hack and the bursting of the meme coin bubble, which caused the majority of these functionless tokens to collapse.<\/p>\n<h2>Key Crypto Tailwinds<\/h2>\n<p>Bitwise identified several key tailwinds that could reverse the three-month downtrend.\u00a0After years of tightening, central banks across the globe are signalling a shift toward monetary easing and <a href=\"https:\/\/cryptopotato.com\/bitcoin-whales-have-been-buying-like-never-before-analyst\/\" data-wpel-link=\"internal\">M2 expansion<\/a>. \u201cHistorically, these conditions have been favorable for risk assets, particularly for digital assets,\u201d it noted.<\/p>\n<p>Regulatory relief and new frameworks for stablecoins and DeFi in the US could also be a key catalyst.<\/p>\n<p>Finally, <a href=\"https:\/\/cryptopotato.com\/us-china-trade-tensions-escalate-bitcoin-stocks-gold-react-to-245-tariff-threat\/\" data-wpel-link=\"internal\">trade wars<\/a>, capital controls, and fiat devaluations are pushing global investors to reassess their portfolios, it noted.<\/p>\n<blockquote>\n<p>\u201cIn this environment, Bitcoin (like gold) is being increasingly viewed as a potential hedge: liquid, scarce, and (most importantly) independent of tariffs, capital controls, and currency manipulation.\u201d<\/p>\n<\/blockquote>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/q1-has-been-the-best-worst-quarter-in-crypto-history-bitwise\/\" rel=\"nofollow\">Q1 Has Been The Best Worst Quarter in Crypto History: Bitwise<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a crypto market review released on April 16, asset manager Bitwise described Q1 2025 as \u201cthe best worst quarter in crypto\u2019s history.\u201d\u00a0It was a \u201cfrustrating\u201d period for the industry, said the firm\u2019s chief investment officer, Matt Hougan. Q1 has been historically positive with the first pro-crypto US president taking office, the creation of a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22477","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22477"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22477\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}