Report: The total market value of cryptocurrencies fell 18.6% in Q1 2025, with losses reaching US$633.5 billion

PANews reported on April 17 that according to BeInCrypto, according to CoinGecko's quarterly report, the total market value of cryptocurrencies fell sharply by 18.6% in the first quarter of 2025, with losses of up to US$633.5 billion. As the token price declines, investor activity has decreased significantly, and daily trading volume has dropped by 27.3% month-on-month compared with the end of 2024. Among them, the spot trading volume of centralized exchanges fell by 16.3%. CoinGecko analyzed that this is at least partly related to the hacking of Bybit exchanges.

In the first quarter of 2025, Bitcoin's market dominance increased, accounting for 59.1% of the total market value of cryptocurrencies. Bitcoin has never reached such a high market share since 2021, showing its stability relative to other cryptocurrencies. However, Bitcoin price also fell 11.8%, underperforming gold and U.S. Treasury bonds. The report also shows that other cryptocurrencies are losing more severely. All the gains accumulated by Ethereum in 2024 disappeared in the first quarter of 2025, and the total lock-in value (TVL) of multi-chain DeFi also fell by 27.5%.