Ethereum’s Q1 Crash: Loss Wipe Out All Gains from 2024

The crypto market experienced a significant downturn in the first quarter of 2025, with Ethereum (ETH) particularly suffering a sharp drop. The total crypto market cap fell over 18% to $2.8 trillion by Q1’s end, after reaching a peak of $3.8 trillion earlier in January. Ethereum’s dominance also plummeted from its late 2024 highs, dropping by 45.3% to close at $1,805 – wiping out all gains achieved throughout 2024.