#NoticiasEconomia Bitcoin and Ethereum are on track to close the first quarter in the red

Swyftx's chief analyst, Pav Hundal, told Cointelegraph that a "vertical upward spike" is unlikely to happen in the next six days before the end of the first quarter of 2025.



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Bitcoin and Ethereum are about to suffer their worst first quarter in years unless they achieve a significant rebound in the coming days.

Ether 

ETH

1882 €

 has fallen by 37.98% so far this first quarter of 2025, its worst decline in the first quarter since 2018, when it plummeted by 46.61%, according to CoinGlass data. Meanwhile, Bitcoin 

BTC

81,196 €

 has decreased by 6.49% so far this quarter, which is scheduled to end on March 31, marking its worst performance in the first quarter since 2020, when it recorded a drop of 10.83%.

The crypto market is unlikely to recover before the end of the quarter

Swyftx's chief analyst, Pav Hundal, told Cointelegraph that a "vertical spike towards the end of the quarter seems unlikely".