Bitcoin searches on Google tumbles while AI searches skyrocket...Are cryptos DEAD?
Keeping you updated on everything related to Crypto
Cryptocurrencies were poised to ascend further and break away from their prolonged consolidation phase. However, contrary to these expectations, crypto prices suffered another devastating crash.
It seems that interest in cryptocurrencies is beginning to wane, as newer trends and investment hypes such as Artificial Intelligence emerge and seek bigger attention of investors.
Red line: Google searches for “AI”
Blue line: Google searches for “Bitcoin”
Moreover, the industry is still grappling with the persistent issue of 'rug pulls' and scams, which continue to defraud investors. This ongoing threat is increasingly making people cautious and diminishing their enthusiasm to invest in new crypto projects, adding to the overall fading interest in the cryptocurrency sector.
Here’s the performance of the top 8 biggest cryptos in the past 7 days:
BTC: - 7 %
ETH: - 5 %
BNB: - 11 %
XRP: + 8 %
ADA: - 4 %
DOGE: - 4 %
SOL: - 0 %
MATIC: - 6 %
Here’s everything you missed from last week.
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Week 22 Recap:
The crypto market has experienced a lackluster period recently, marked by subdued activity and tepid price movements. Notably, institutional investors have displayed a decline in their interest and purchasing activities within the crypto space. In this article, we delve into the factors contributing to the stagnant market and the implications of reduced institutional involvement.
Gemini, the well-known cryptocurrency exchange founded by the Winklevoss twins, is setting its sights on the United Arab Emirates (UAE) as a potential growth market. Simultaneously, Crypto.com has achieved a significant milestone by securing a Major Payment Institution (MPI) license in Singapore. These developments highlight the proactive measures taken by industry leaders to ensure regulatory compliance and tap into new opportunities.
Dr. John Forsyth, recognized as a Bitcoin millionaire by Forbes, mysteriously vanished from Missouri on May 21 and was subsequently discovered with an apparent gunshot wound in an Arkansas lake on May 30.
Bitcoin ATMs, which recently saw a decline in usage worldwide, are now experiencing a notable resurgence. This article explores the concept of Bitcoin ATMs, their inception, and highlights the countries with the highest number of these ATMs.
