Worst Q1 for Crypto: $1.6 Billion Hacks, Will Crypto Recover in Q2?

We’ve just experienced the worst Q1 in seven years. Bitcoin fell by 11.82%, making it the worst quarter since 2018. This is, of course, also due to the current US tariffs and over 60 crypto hacks in Q1, resulting in a total loss of $1.63 billion.

Many are on the sidelines watching the markets, especially US investors who are waiting for the market reaction this April.

Due to hacks, more and more people are concerned about the security of their coins. They carefully consider the best crypto wallet and which crypto to buy to position themselves in a potential recovery.

Q1 was disappointing overall, with $BTC returning -11.82% and $ETH -45.41%.

Q2 is historically a good month, with average BTC returns +24.96% and ETH +60.44%.

Do you think we'll bounce or dump further? pic.twitter.com/JxveVnutM2

— Miles Deutscher (@milesdeutscher) April 1, 2025

DISCOVER: Top 20 Crypto to Buy in April 2025

Which Crypto Hacks Did We Go Through in Q1?

🚨The Q1 2025 Hack3d Report is here.

Web3 has already lost over $1.6B this year—with the largest single exploit in the space’s history.

We break it down in this short video. Then dive into the full report for insights that matter.👇🧵 pic.twitter.com/9fuf4NjO7j

— CertiK (@CertiK) April 1, 2025

Record Losses: Blockchain security firm CertiK reveals $1.67 billion in stolen crypto in Q1 2025—a staggering 303% jump from Q4 2024. The biggest hack was the Bybit, which cost over $1.45 billion.

This quarter, only 0.38% of stolen crypto was recovered, with 98 of 197 reported hacked on Price Volume in 24h Price 7d , a sharp drop from 42.09% in the previous quarter.

With so many hacks looming in the crypto space, it is important to store your assets as safely as possible. Being careful is the key to navigating the crypto space.

Everyone knows the phrase, ” Not your Key, not your Crypto,” but what does this mean?

As long as you are storing your tokens in a non-custodial wallet, you hold the keys to your wallet.

DISCOVER: Best New Cryptocurrencies to Invest in 2025#

Will Crypto Recover? What are the Q2 Expectations?

Despite crypto Hacks, cryptocurrency demand is rising, fueled by stronger regulations and institutional interest, though concerns over tariffs and economic uncertainty remain.

Based on experience, the second quarter was largely positive after a poor first quarter. Thus, the markets could anticipate a crypto recovery in Q2 and react accordingly.

However, new tariffs announced by Trump today could freeze the markets for a while.

BREAKING: The US has announced tariffs on countries:

Brazil 10%
Pakistan 30%
Sri Lanka 44%
Switzerland 31%
Cambodia 50%
South Africa 30$
United Kingdom 10%
China: 34%
India: 26%
European Union: 20%
Israel: 17%

Minimum tariff on all imports: 10%

— unusual_whales (@unusual_whales) April 2, 2025

In the meantime, you can take your time to consider which crypto projects you want to buy by looking for the best possible entry points.

Best Crypto Wallet for Secure Storage: Safety Comes First

Depressing markets can awaken many criminals and cause them to devise more tricks. Therefore, we should take our time to consider the best wallet to secure their assets and keep the keys in their own hands.

You should always double-check everything and consult with others before clicking links or connecting your wallet to strange-looking sites.

Security is a crucial aspect of crypto storage, and Best Wallet enhances protection through an independent audit by Coinsult. This verification adds credibility and reinforces trust, making it a reliable choice for safeguarding digital assets.

Best Wallet prioritizes user control by allowing full access to private keys, eliminating reliance on third parties. As a non-custodial solution, it minimizes risks associated with hacks or poor management, ensuring secure asset storage across 60+ supported blockchains.

The $BEST token fuels the Best Wallet ecosystem and is currently available at $0.024 per token in presale. Early investors benefit from generous staking rewards, earning up to 135% APY, making long-term holding even more attractive.

So far, the $BEST presale has generated nearly $11 million, with demand continuously rising. Experts and crypto analysts anticipate significant growth, with some predicting a 100x surge post-launch.

Another key advantage is the presale aggregator, granting users early access to emerging token launches before they hit mainstream markets, creating opportunities for potential high return coins.

Download Best Wallet on Google Play or the Apple App Store.

Join the conversation on X, Telegram, and Discord.

Learn more about Best Wallet here.

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• #Presales