Gold Shines in Q1 2025, Crypto Market Slips
Gold shone brightly in Q1 2025, gaining 18.0% and outperforming other risk assets. Meanwhile, the crypto market experienced a downturn, with the total market capitalization dropping by 18.6% to $2.8 trillion.
Bitcoin (BTC) started the year strongly, reaching a new all-time high of $106,182. However, it ended the quarter at $82,514 after a 11.8% decline. Despite this, BTC's market dominance increased by 4.6 percentage points to 59.1%.
Ethereum (ETH), on the other hand, faced a steep drop. It closed the quarter at $1,805, a 45.3% decrease from its Q4 2024 close, erasing all its 2024 gains. Its market dominance also fell by 3.9 percentage points to 7.9%.
Binance maintained its lead as the top spot exchange, with a 40.7% market share. Stablecoins, particularly Tether (USDT), gained traction during the downturn, increasing its market share to 5.2%.
AI tokens topped the list in Q1 2025, drawing 35.7% of global investor interest, surpassing memecoins. Notably, Ripple (XRP) improved its market position significantly during this period.
Gold's strong performance in Q1 2025 contrasted with the crypto market's downturn. Bitcoin's dominance grew, while Ethereum faced a significant decline. Stablecoins and AI tokens saw increased interest, reflecting investors' shifting preferences in the volatile crypto landscape.
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