Bitcoin Posts Worst Q1 in a Decade, Raising Questions About Where the Cycle Stands

Bitcoin experienced its worst first quarter in a decade, dropping 11.7% amidst uncertainty over the new administration's economic policies. Historically, poor Q1 performances have sometimes led to recovery later in the year, as seen in 2015 and 2020, but recent macroeconomic factors raise concerns. Major equity market declines, driven by the administration's actions, complicate the outlook for Bitcoin's role as a potential hedge. Investors are left wondering if this downward trend signifies the end of a cycle or a temporary setback. Curious about Bitcoin's future? This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk