TLDR Tech / Crypto
Bitcoin Posts Worst Q1 Since 2018 With 22% Decline
Bitcoin closed Q1 2026 down roughly 22%, its steepest first-quarter loss since 2018's 49.7% plunge and the third-worst quarterly return since 2013. The drawdown was driven by compounding macro headwinds, including the US-Iran military escalation that pushed capital into traditional safe havens, the Fed holding rates at 3.5-3.75% with no near-term cut prospects, and elevated oil prices from the Strait of Hormuz disruption keeping inflation expectations sticky. Ethereum fared worse, sliding 32% over the same period.
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