The global cryptocurrency market saw a decline of 18.6% in Q1 2025, resulting in a loss of $633.5 billion in market capitalization.Bitcoin's market share increased to 59.1% despite experiencing an 11.8% decline.Ethereum lost all of its 2024 gains, primarily due to decreasing DeFi activity and concerns over gas fees and scalability.Multichain DeFi platforms and Solana experienced significant drops in total value locked (TVL) with a decline of 27.5% and over 20%, respectively.