Crypto Turmoil: Bitcoin Plunges to Lowest Q1 Level Since 2020 Amid Trump's 100-Day Mark

Crypto Daybook: America's Bitcoin Set for Worst Q1 Since 2020 as Trump Approaches 100 Days

March 21, 2025 - As former President Donald Trump approaches the 100-day mark since his surprise return to the White House, the crypto market is bracing for its worst first quarter since 2020.

According to data from Coin Metrics, the total value of all cryptocurrencies has plummeted by over 15% in the first three months of the year, with Bitcoin, the largest digital currency by market capitalization, experiencing a particularly sharp decline.

As of Monday, Bitcoin's price had fallen by over 12% since the start of the year, with the average price per coin hovering around $43,000. This marks the worst start to a year for Bitcoin since 2020, when the price began the year at around $28,000 before surging to nearly $60,000 by the end of the quarter.

The decline in the crypto market has been attributed to a combination of factors, including increased regulatory scrutiny, concerns over the environmental impact of mining, and uncertainty surrounding the direction of the global economy.

In a statement, Trump's office said that the former President was "closely monitoring" the situation and was "committed to creating a favorable environment for the growth and development of the crypto industry."

Despite the challenges facing the crypto market, many experts remain optimistic about its long-term potential. "The decline in the crypto market is not a surprise, given the current economic conditions and regulatory uncertainty," said Michael Saylor, CEO of MicroStrategy, a leading provider of enterprise software and a significant holder of Bitcoin. "However, we believe that the fundamentals of the crypto market remain strong, and we are committed to continuing to support the growth and development of this important industry."