Crypto Market Rocked by Downturn: Bitcoin Dominates Amidst Uncertainty

Early 2025 saw the cryptocurrency market experience a significant downturn, causing major shifts in the landscape. Following the impressive growth of 2024, investors faced losses as market capitalization plummeted by 18.6% to $2.8 trillion according to CoinGecko’s Q1 report. Daily trading volume also decreased by 27.3%, reaching $146 billion. The decline was attributed to factors including the weakening of altcoins, a risk-averse attitude among investors, and instability in the DeFi space.