Crypto and Ethereum have experienced the worst Q1 in 6 years
- After a Q1 decline of 45.41%, $ETH continued into Q2 with an additional decrease of 12.54%. If this situation does not improve soon, we may be witnessing the worst first half of 2025 in crypto history
- The average Ethereum network fee has dropped to just $0.168 per transaction, reaching a 5-year low according to Santiment. This fee is much lower than during the bear market of 2022 and 2023
- With $BTC : From January 2025 to now, #Bitcoin has the worst performance among asset classes, with GOLD being the asset with the best growth.
- One correlation is that the decline of BTC is quite similar to NASDAQ, indicating a significant relationship between the US financial market and Bitcoin. At this point, many believe Bitcoin is more like a tech stock, and the theory of "digital gold" is severely flawed
- Interestingly, the DXY index has also decreased significantly (in the past, this index often moved in the opposite direction of BTC and US Stocks), indicating an inconsistency with the theories that have occurred in the past
- We may be in an irrational market, or it is building a new reasonable setup - different from the old rationalities we have known
- This article is a compilation of information, not bearish or bullish. What are your thoughts?
