| Ethereum’s Transaction Fee Revenues Drop By 95% Ethereum has seen a 95% drop in its quarterly transaction fee revenue from its peak in Q4 2021. This decline is largely due to reduced Layer 2 contributions and a downturn in the NFT market. ETH’s price has also followed a downward trend, dropping 58.8% from its November 2021 high. In Q1 2025, ETH saw a 40% loss, marking its worst quarterly decline since 2018.
Mt. Gox Transfers $1 Billion Worth Of Bitcoin Mt. Gox recently moved 11,501.4 Bitcoin (about $1 billion) this week. Of this, 893 BTC went to its cold wallet (1Jbez) and 10,608 BTC to a separate wallet (1DcoA). The move follows similar transfers in March, as 12,000 BTC worth over $1 billion were transferred on March 6th and 11,833 BTC on March 11th. Mt. Gox still holds around 35,000 BTC, worth $3.1 billion.
Jamie Coutts Predicts Massive Bitcoin Rally Jamie Coutts believes Bitcoin could hit new highs before the year's second quarter ends, regardless of uncertainties around President Trump’s tariffs or potential recession concerns. Coutts expects Bitcoin to reach between $102,000 and $123,000 by June 1st, with the upper range representing a 13% gain over its previous high. Despite this, CryptoQuant’s Bull Score Index is at a low of 20, signaling weak market conditions and a low chance of a strong rally.
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