Coingecko: Total Crypto Market Capitalization Falls 18.6% to $2.8 Trillion in Q1, Bitcoin Strengthens Dominance
According to Coingecko's quarterly report, in the first quarter of 2025, the total market capitalization of cryptocurrencies fell by 18.6% to $2.8 trillion. Bitcoin further strengthened its dominance amid the market decline, with its market share rising to 59.1% (a new high since 2021), while altcoins generally underperformed. The shares of stablecoins USDT and USDC grew, while Ethereum's market share fell to a five-year low of 7.9%.
1. Bitcoin Performs Better Than Traditional Risk Assets
Bitcoin broke the $100,000 mark in January to reach a historic high but closed the quarter at $82,514 (a decline of 11.8%). Its performance was better than the Nasdaq (down 10.3%) but lagged behind gold (up 18%) and U.S. treasury bonds. Analysts noted that the strengthening yen and euro, monetary policy adjustments, and increased geopolitical uncertainty exacerbated market volatility.
2. Pressure on Ethereum and Altcoins
The price of Ethereum plummeted 45.3% to $1,805, erasing all gains from 2024, with daily trading volume shrinking to $2.44 billion. Leading altcoins such as Solana (SOL), XRP, and BNB experienced smaller pullbacks, highlighting Ethereum's relative weakness. Meme coins were hit hard by the exit scam of the LIBRA project related to Argentine President Javier Milei, with the daily token deployment on the Pump.fun platform sharply dropping by 56.3%.
3. Changes in the Exchange Landscape
Spot trading volume on centralized exchanges (CEX) declined 16.3% to $5.4 trillion. Among decentralized exchanges (DEX), Solana led Q1 with a 39.6% share, but Ethereum briefly reclaimed the top spot in March. The total value locked (TVL) in DeFi fell 27.5% to $12.86 billion, with new blockchain Berachain's TVL rising against the trend to $5.2 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Germany will participate in further releases of International Energy Agency energy reserves
The German Ministry of Economic Affairs stated regarding energy reserves that Germany will participate in the further release of the reserve volume already determined by the International Energy Agency (IEA) in March. They are currently working on approving the release of energy reserves.
Elon Musk stated that Terafab chip factory will be built and operated by his company.
Tesla and SpaceX CEO Elon Musk said on Wednesday that his companies will be responsible for building and operating the Terafab artificial intelligence chip complex, and TSMC (TSM.US) will only be allowed to sublease a portion of the facility at most. Terafab is a joint project planned by Tesla and SpaceX in Texas, aiming to build a "gigafactory" for AI chip production. In response to rumors that "TSMC is most likely to own and operate the factory," Musk replied: "No, we will build and operate the factory, there is absolutely no doubt about that." He added that TSMC may sublease part of Terafab if they wish, "but that's all." Last week, Musk revealed that there had been discussions with TSMC about potential collaboration on the Terafab project but did not provide further details.
Murata Manufacturing plans to invest JPY 9 billion to expand production of ceramic materials to meet AI demand.
According to Nikkei News, Murata Manufacturing, located in Okayama, will increase production of ceramic materials used for electronic components. With growing demand for AI-related components, the company plans to invest about 9 billion yen to expand its production lines. Construction at the company’s headquarters factory is scheduled to begin in October, with the goal of starting operations in April 2028. The scale of the added production capacity has not been disclosed. The company’s ultra-fine, high-purity ceramic materials are widely used in products such as multilayer ceramic capacitors (MLCCs), and Murata Manufacturing holds the largest global market share in the MLCC sector.
Murata Manufacturing plans to invest 9 billion yen to expand production of electronic component ceramic materials.
According to Nikkei, Murata Manufacturing, located in Okayama, will increase production of ceramic materials used in electronic components. With demand for components related to artificial intelligence (AI) expected to rise, the company will invest approximately 9 billion yen to expand its production lines.
Crypto prices
More
