On April 1, according to Yahoo Finance, Bitcoin closed at $66,619 on Tuesday, compared to the opening price of $87,508 on January 1, 2026. The quarterly decline was the largest since the first quarter of 2018, when Bitcoin fell from $14,112 to $6,973, a drop of 50%. Bitcoin's 24% decline this quarter also extended the significant drop seen in the fourth quarter of 2025, when its price slid 23% from $114,057 to $87,508.
This means that in the past six months, the world's largest cryptocurrency has lost approximately 41.6% of its market value. Against the backdrop of escalating geopolitical tensions in the Middle East, the entire cryptocurrency market has retreated further from its historical high in October 2025, dampening investor sentiment in both crypto and traditional stock markets.
In addition to macroeconomic uncertainties, analysts have pointed out that the reversal of capital flows in U.S. Bitcoin exchange-traded funds (ETFs) has negatively impacted Bitcoin prices. According to SoSoValue data, spot Bitcoin ETFs saw a net outflow of $496.5 million in the first quarter, with outflows of $1.8 billion in the first two months, partially offset by inflows of $1.32 billion in March.