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Breaking News: Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim
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Breaking News: Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim

Bitcoin Stumbles Hard: The Worst Q1 In Years Raises Big Questions

Christian Encila
Christian Encila
Last Updated: April 3, 2026 7:00 am
2 mins read
Bitcoin

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Bitcoin ended the first quarter of 2026 at $68,200 after falling 22% over the period, its weakest opening three months since 2018. The slide erased an early push higher that had briefly carried the cryptocurrency close to $95,000 before the market turned lower.

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A Sharp Turn After A Strong Start

The quarter did not begin quietly. Bitcoin opened the year at a little past $87,000 and moved higher in the early stretch, showing enough strength to reach nearly $95,000. That momentum did not last. The price later sank to about $60,000 on February 6, marking a fast shift in tone after a strong start to the year.

From there, the market kept swinging. Bitcoin managed a brief rebound to around $70,000 later in February, but the recovery faded. Selling pressure returned as tension in the Middle East spread through risk markets, and Bitcoin slipped again, touching about $63,000 before the quarter ended.

Coinglass data used in the report shows how unusual the quarter was when set against recent history. Bitcoin fell nearly 50% in the first quarter of 2018, then posted smaller swings in the years that followed.

Source: Coinglass

It gained 8% in 2019, lost 10% in 2020, surged over 100% in 2021, slipped 1.40% in 2022, and then rebounded with gains of 70% in 2023 and 65% in 2024. The pattern broke again in 2025 with an 11% decline before this year’s deeper drop.

Geopolitical Stress Kept Traders On Edge

The latest decline was tied in the report to rising unrest in the MidEast. That pressure did not stay confined to one trading session. It lingered through March and helped push Bitcoin into a choppy finish for the quarter, with rapid price changes making it harder for the market to settle.

The report also pointed to fresh selling at the start of the second quarter. After US President Donald Trump signaled a tougher stance and warned of further military action in the weeks ahead, Bitcoin fell 3% in 24 hours to $66,700. Ethereum, BNB, and XRP also traded lower by about 3% to 4% as the broader crypto market softened.

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April Brings A Different Seasonal Pattern

Despite the weak finish to March, the report noted April has often been a better month for Bitcoin. Coinglass data cited in the report shows an average April gain of 11.90% and a median return of 5% over the years, which has kept some traders looking for a rebound even after the rough quarter.

Featured image from Meta, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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