CoinGecko has released its Q1 2025 report revealing a significant downturn in the crypto market, with a drop of 18.6% in total value. The decline follows a peak of $3.8 trillion in early January before experiencing a sharp correction. This significant shift in sentiment is attributed to a noticeable decrease in centralized exchange trading volumes, which dropped by over 80%. The report highlights Bitcoin’s increasing dominance in the market with its dominance reaching 59.1%, despite overall market declines. Ethereum experienced a considerable drop of 45.3% during this period. This correction has impacted exchanges like Bitget and raises concerns about potential systemic risks in the crypto sector. The report emphasizes the volatility of the industry, particularly as Bitcoin tends to act as a safe haven asset during such periods. This underscores the need for investors and institutions to adopt robust risk management strategies and adapt to the evolving landscape of regulations and technological advancements.