Bitcoin, Solana retain crypto market dominance amid Q1 2025 slowdown
Bitcoin and Solana have emerged as dominant players in the crypto market during an especially turbulent first quarter of 2025.
According to the Q1 Crypto Industry Report recently released by CoinGecko, the broader market experienced a major downturn. However, Bitcoin and Solana still had strong showings relative to the general market.
The crypto market entered 2025 on a high note, building on momentum from late 2024. Bitcoin rose to an all-time high of $106,182 in January, contributing immensely to the rise of the total crypto market capitalization, which hit a $3.8 trillion on January 18. However, by the end of Q1, the total market cap had fallen by 18.6%, losing nearly $1 trillion and closing at $2.8 trillion.
