Bitcoin experienced a turbulent first quarter, falling 23.8% – its worst performance since 2018 – despite a $1.32 billion inflow in March following months of ETF outflows. The price closed Q1 at $66,619, down from $87,508 at the start of the year. However, March marked the first positive monthly candle in six months, sparking optimism. This shift coincided with renewed Bitcoin purchases by MicroStrategy (MSTR) via its STRC preferred stock, potentially adding over 1,111 BTC this week, and a rally to near $69,300. Despite this, derivatives markets indicate continued bearish sentiment among traders, with limited demand for bullish leverage. Geopolitical de-escalation, particularly regarding Iran, also contributed to a market surge, lifting Bitcoin alongside equities. A new $10 million seed round aims to build a stablecoin clearinghouse, anticipating the impact of the GENIUS Act. Historically, April has been a strong month for Bitcoin, but recent years have shown a tendency for April to move inversely to March.
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