No Q1 Comeback for BTC & ETH?

Pav Hundal believes that a “vertical swing up” for BTC or ETH over the next few days is very unlikely.

Danielle du Toit
March 26, 2025

Here's what we've got for you today:

Swyftx analyst Pav Hundal believes that a “vertical swing up” over the next six days before the end of the first quarter is unlikely.

Ethereum is on track for its worst Q1 since 2018, with a 37.98% drop so far in 2025. Bitcoin has fallen 6.49%, its weakest Q1 since 2020.
Hundal expects the crypto market to face uncertainty and limited visibility until mid-April, when more details on President Trump's tariff plans are expected.
Despite market volatility, global economic data is still relatively strong, offering some underlying support.

GameStop approved a new investment policy that allows it to hold Bitcoin and stablecoins.

GameStop officially received board approval to allocate a portion of its cash or future debt to Bitcoin and US-dollar-pegged stablecoins.
The company’s cash reserves surged to $4.77 billion as of Feb. 1, which gives it a strong base for its digital asset ambitions.
Speculation around GameStop’s crypto plans intensified in February after CEO Ryan Cohen was seen with Bitcoin advocate Michael Saylor.

Ben Armstrong was arrested in Florida after revealing on social media just days ago that a warrant was out for his arrest.

Ben Armstrong was arrested on March 25 in Florida after he was listed as a fugitive from justice, according to Volusia County Division of Corrections.
Days earlier, Armstrong admitted on X that his arrest warrants were related to emails sent to a Georgia judge while representing himself legally.
Armstrong has a history of legal troubles, including a September 2023 arrest during a livestream and a 2023 class-action lawsuit over allegedly promoting unregistered securities on Binance.

The Federal Deposit Insurance Corporation (FDIC) revealed plans to eliminate “reputational risk” as a factor in bank supervision.

The FDIC will remove “reputational risk” from its bank supervision framework, which is a move that is welcomed by digital asset advocates as a step toward fairer treatment of blockchain businesses.
This decision follows a comprehensive internal review, with FDIC Acting Chairman Travis Hill confirming the change in a March 24 letter to Rep. Dan Meuser.
Crypto firms have long struggled with banking access due to reputational concerns. This problem was spotlighted during the 2023 collapse of crypto-friendly banks and what many dubbed Operation Chokepoint 2.0.

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