As the first quarter of 2025 just ended, cryptocurrency performance was quite dim under Trump's tariff policy that shook global markets. According to CoinGlass data: In Q1 this year, Bitcoin price dropped 11.82%, while Ethereum plummeted 45.41%, both creating the worst first-quarter performance since 2019.
US Stocks Still Under Pressure, Bitcoin Challenges $85,000
On the 17th, US stocks remained under pressure, with investors continuously monitoring trade agreement progress, and the four major indices closed with more declines than gains.
- Dow Jones Industrial Average dropped 527.16 points, or 1.33%, closing at 39,142.23 points
- Nasdaq Index dropped 20.71 points, or 0.13%, closing at 16,286.45 points
- S&P 500 Index slightly rose 7 points, or 0.13%, closing at 5,282.7 points
- Philadelphia Semiconductor Index dropped 24.7 points, or 0.64%, closing at 3,832.47 points
Regarding Bitcoin, it briefly fell below $84,000 after US stock market opening last night but quickly rebounded, currently challenging stability above $85,000, overall showing relatively stable performance.
Bitwise CIO: Four Factors May Drive Crypto Surge in Q2
In this context, Bitwise CIO Matt Hougan recently stated that despite the disappointing first quarter, he remains optimistic about the cryptocurrency market in the second quarter of 2025.
Hougan pointed out four factors that might drive price increases in Q2, including: 1) Global M2 money supply increase; 2) Trump administration's crypto-friendly attitude; 3) Stablecoin supply growth; 4) Impact of Trump's tariff policies on investor behavior.
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