The crypto market faced a turbulent start to 2025, with an $633 billion decline in Q1 despite Bitcoin’s dominance. While BTC outperformed the Nasdaq, it lagged behind gold and US treasuries. Memecoins and DeFi also saw significant downturns amid market volatility.
- Bitcoin's market dominance rose to 59.1%, its highest since 2021, but it underperformed gold (+18%) and US treasuries.
- The LIBRA scandal led to a 94% crash in the token, wiping out $4 billion in memecoin market cap and reducing new token launches by 56.3%.
- CEX trading volume fell 16.3%, with Binance retaining a 40.7% share, while Solana dominated DEX volumes before slipping in Q1.
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