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Saturday

31 July 2021

Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes – Market Updates Bitcoin News

Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes – Market Updates Bitcoin News


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Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes – Market Updates Bitcoin News.

The biggest loser in the top ten crypto market cap positions is polkadot (DOT), which has bled 26% this past week.

Coin Metrics’ authors Nate Maddrey and Kyle Waters explain in the latest “State of the Network” issue 112, that crypto Google search trends have been lackluster.

“Worldwide Google search volume for bitcoin shows that interest levels closely followed BTC’s rapid price movements this year and tend to track major changes in price historically.

While Google Trends data is not absolute search volume for bitcoin, it does show the relative level of popularity for bitcoin searches over time,” the author’s report explains.

This week in the U.S., the New Jersey Bureau of Securities told the crypto firm Blockfi that it needs to stop accepting new interest account users in New Jersey.

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