Digital Assets: Quarterly Review and Outlook

CoinDesk's Digital Assets Quarterly Report provides a comprehensive analysis of crypto market performance in Q1 2025, with special focus on the CoinDesk 20 Index as the industry benchmark, featuring market trends, asset-specific developments, and outlook for Q2 2025.

April 9, 2025

Report Summary

Digital Assets Quarterly Report: Q1 2025 Snapshots

Bitcoin closed Q1 2025 down 11.6% after hitting an all-time high of $109,356, marking its second-largest quarterly decline since Q2 2022 despite initial optimism from the pro-crypto Trump administration.
The CoinDesk 20 Index outperformed altcoin-heavy indices with a -23.2% return, while the CoinDesk 80 Index and Memecoin Index recorded much steeper declines of -46.4% and -55.2% respectively.
The CoinDesk 20 Index has generated $14.5 billion in trading volume since January 2024 and is now available in 20 investment vehicles globally.

Download report

Please note that our , , , and has been updated.

CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, “CoinDesk Indices”), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the “Content”) is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format.

Digital Assets: Quarterly Review and Outlook

Report Summary

Download report

Subscribe to our Newsletters

Crypto Long and Short

Crypto for Advisors