Is the worst still yet to come for crypto?
From a technical standpoint, the market is officially rolling into Q2. However, to see where it’s headed, we need to check where it’s been. Q1 closed with the total crypto market cap down nearly 21%, extending losses from Q4 2025 when it fell by about 24%.
In just six months, crypto has technically lost over $1.5 trillion. Bitcoin [BTC] hasn’t been spared either, making up 60% of those outflows – A sign that it’s lagging compared to other volatile assets. Backing this, the XAU/BTC ratio closed Q1 up almost 40%, underlining BTC’s relative weakness versus gold.
In short, despite recent optimism around Bitcoin’s “relative” resilience, Q1 revealed crypto was…
