Bitcoin may have dropped nearly 12% in Q1, but it’s still outperformed both gold and the S&P 500 since Election Day. Gold hit a new all-time high, up 14% since Nov. 5, while the S&P 500 dropped around 3%. BTC, however, surged 22% from its opening price of $67,823.

The Q1 dip is mostly attributed to a "sell-the-news" move after Trump took office, with traders disappointed by the lack of regulatory progress. Tight liquidity also continues to weigh on the markets, with volatility easing since the start of the year.

Altcoins are struggling while Bitcoin's dominance continues to rise, now over 61%. Major altcoins like Ethereum, Solana, and Cardano are all down, while XRP is one of the few that’s holding steady. Watch for any big changes in Fed policy or a significant catalyst to break the $78K-$88K range in BTC.

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