tl;dr
Bitcoin has outperformed the S&P 500 and gold since Election Day, despite a Q1 decline, with a 22% increase in value. The decline is attributed to a "sell-the-news" dynamic and tight liquidity conditions. Bitcoin's dominance in the crypto market has increased to over 61%, reflecting a shift from alt...
Bitcoin has outperformed the S&P 500 and gold since Election Day, despite a Q1 decline, with a 22% increase in value. The decline is attributed to a "sell-the-news" dynamic and tight liquidity conditions. Bitcoin's dominance in the crypto market has increased to over 61%, reflecting a shift from altcoins to Bitcoin as investors reduce risk exposure. Other major cryptocurrencies, including Ethereum, Solana, BNB, and Cardano, have experienced first-quarter declines. At the time of press on Mar. 31, 2025, Bitcoin's market capitalization is $1.64 trillion, with a 24-hour trading volume of $30.07 billion. The total crypto market is valued at $2.67 trillion, with a 24-hour volume of $82.94 billion, and Bitcoin dominance at 61.38%.
Despite Bitcoin (BTC) falling nearly 12% in the first quarter to $82,683.16 amid the market uncertainty, it has outperformed the S&P 500 and gold since Election Day. Gold recently hit a new all-time high of over $3100, up by nearly 14% since Nov. 5. Conversely, the S&P 500 is down by roughly 3% in the same period. Meanwhile, BTC has soared by since Election Day, climbing 22% from its opening price of $67,823.49.
The latest edition of the Bitfinex Alpha report noted that Bitcoin’s price slid in the first quarter due to a “sell-the-news” dynamic. Traders potentially reassessed the lack of tangible regulatory progress after President Donald Trump took office, which has negatively impacted prices. Additionally, tight liquidity conditions continue to shape market conditions, remaining constrained across spot and derivatives markets, and volatility has compressed since the early-year spike.
Despite the decline, Bitcoin’s relative strength has grown in the context of a broader crypto market downturn. BTC’s dominance, its share of the total crypto market capitalization, has increased to over 61%. This shift reflects a rotation out of altcoins and into Bitcoin as investors reduce risk exposure, further highlighted by the movement shown by major-cap altcoins. Other major assets, such as BNB and Cardano (ADA), are also down in the first quarter, registering corrections of 13.6% and 22%, respectively.
At the time of press 10:37 pm UTC on Mar. 31, 2025, Bitcoin is ranked #1 by market cap and the price is up 0.05% over the past 24 hours. Bitcoin has a market capitalization of $1.64 trillion with a 24-hour trading volume of $30.07 billion.