Bitcoin has declined 22.3% since the start of the year, nearing its largest first-quarter fall since 2018's 49.7% drop. The cryptocurrency has fallen from around $87,700 to about $68,000, with potential consecutive monthly losses for January and February. Experts characterize the decline as a normal correction phase, noting historically Bitcoin tends to rebound strongly after Q1 volatility, while Ethereum has also declined 34.3% this quarter.