1 min read.

BTCUSD

Main Takeaways:

• Bitcoin on the verge of a 10% Q1 decline
• Markets anticipate major moves from the White House
• Q2 brings potential risks of tariffs and trade wars

The future of the crypto market will largely depend on forthcoming policy decisions by the White House, particularly those made by its crypto working group.

🔍 A Glance at Q1

Bitcoin BTCUSD has had a sluggish start to this week’s trading (possibly due to the EU’s hour shift forward over the weekend?), with prices hovering below the flatline around $82,000. Today marks the conclusion of the first quarter — a cause for celebration for some — and with it, the close of Bitcoin’s three-month performance. The quarter was primarily characterized by disappointment. Despite hosting its inaugural crypto gala and promising significant developments in the sector, the White House failed to energize crypto traders.

📉 Bitcoin’s 10% Q1 Loss

Bitcoin is poised to end the first quarter of 2025 with a 10% loss. Prices opened around $93,500 on January 1 but have since shed approximately $12,000, hitting a two-week low today. The situation could have been worse — Bitcoin reached a five-month low of $76,000 in mid-March, erasing all post-election gains. But let’s shift our focus from the past to the present and future. If the White House can deliver on its grand promises regarding growth, prosperity, and widespread business and user adoption, there could be exciting times ahead.

🔮 Q2 Outlook

The White House’s crypto working group has committed to expanding the industry’s presence in the US through deregulation, pro-crypto policies, and a generally more welcoming approach to the sector compared to Joe Biden’s stringent stance. However, the second quarter brings the risk of tariffs, which pose a threat to global trade, as they have the potential to hinder economic growth, damage corporate revenues and profits, and generally undermine consumer confidence.

The post BTC/USD Forecast: Bitcoin Poised for 10% Q1 Pullback. What Lies in Store for Q2? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.