CoinGecko Report Review: What Influenced Crypto in Q1 2025?

Today, we are reviewing & summarizing CoinGecko’s 2025 Q1 Crypto Industry Report for the community at 99Bitcoins.

The cryptocurrency crypto market experienced remarkable growth following the 2024 U.S. elections. “What influenced BTC & Altcoins” was a pressing question for many. The bullish trend carried into 2025, elevating Bitcoin to an unprecedented all-time high (ATH) of $109,588 on January 20, 2025. However, the uptrend momentum started to falter by the close of Q1 2025, illustrating a transition in wider crypto market dynamics. The overall trading market capitalization decreased by 18.6% during the early quarter, settling at $2.8 trillion by March’s end.

In spite of the retreat, the cryptosphere continued to evolve, transform, and mature. Bitcoin’s dominance hit an apex not seen since April 2021, while Solana-based decentralized exchanges (DEXs) gained more traction. Conversely, the waning excitement for meme coins and a deceleration in DeFi (DeFi) activities indicated a broader shift in the trading market towards consolidation and stability. However, April marked a period of recovery for the overall crypto market at a healthy pace.

A multitude of factors influenced Bitcoin’s performance in Q1 2025. Let’s dissect the primary factors affecting BTC and altcoins during the first quarter and their potential implications for the remainder of the year as reported by CoinGecko.

Trading market Analysis Q1 2025: Summary

In Q1 2025, the crypto trading market encountered major fluctuations, with BTC reaching a new all-time high before retracting, while Ethereum wiped out all its gains from 2024. Following the controversial Libra incident, meme crypto token activity dropped significantly, resulting in a 56.3% decrease in daily coin launches on Pump.fun. Meanwhile, Solana dominated on-chain decentralized trading protocol (DEX) transactions, making up 39.6% of the crypto market share, and multichain DeFi TVL contracted by 27.5%, losing nearly $49 billion. The crypto landscape was undoubtedly progressing as global geopolitical tensions emerged.