Crypto Market Overview June 21th | Dex-Trade

Crypto Market Overview June 21th | Dex-Trade

“Bitcoin is dead”: a Record Number of Requests About the “Death” of BTC in Google Was Recorded

According to Google Trends, the number of searches with the words “Bitcoin is dead,”caused by the dramatic collapse of the cryptocurrency market and the huge amount of clickbait news about the “death” of the crypto flagship, has grown to record levels, so now the query “Bitcoin” has received the maximum rating in the search engine — 100. It is noteworthy that according to the same statistics, the “death” of Bitcoin during 2022 occurred at least 15 times. The last high-profile "obituary" was published on June 18 and its authors argued that "Bitcoin Will Never Recover." Recall that it was on this day that the largest collapse of the crypto market in recent years occurred. The largest search engine recorded a 35% increase in searches for the keyword “Bitcoin”compared to the previous peak, which occurred on June 27, 2021, when the keyword was ranked 74. As a result of several weeks of steady decline in the prices of digital assets, it was Google search results that performed better than others indicators to reflect people's critical concern about events in the crypto market. It is worth considering the fact that the collapse of the Terra network and the subsequent domino effect also played a role in the growth of interest in BTC news. Due to unfavorable market conditions, rumors have spread that major industry players such as Celsius and Three Arrows Capital are on the verge of bankruptcy. But what is happening especially "excited"just novice traders.


Musk Supported Dogecoin at the Economic Forum in Qatar

The CEO of Tesla and SpaceX, Elon Musk, does not miss a single opportunity to support his pet, the Dogecoin meme-crypto. So at the Qatar Economic Forum, held in the capital of the country, the Doha city, a popular businessman said: “I intend to personally support Dogecoin, because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin—so I’m responding to those people.” In an interview with Bloomberg, Musk said that when he visited his SpaceX and Tesla facilities, employees personally asked him to support the meme digital coin, and this is the main reason for his attitude towards it. Recall that both key companies of the entrepreneur announced last year that they would accept payments in Dogecoin for some goods. However, earlier this week, Bloomberg reported that Musk, Tesla and SpaceX, were facing a $258 billion lawsuit in which accusers allege that Musk was part of a racketeering scheme organized to support cryptocurrency. Apparently for this reason, at the Qatari forum, the businessman said: "I have never said that people should invest in crypto… SpaceX and Tesla and myself did all buy some Bitcoin, but it's a small percentage of our total cash assets, so not all that significant."


Bored Ape Collab With Rolling Stone Again

The creator of the popular Bored Ape Yacht Club NFT collection, Yuga Labs, has announced its second collaboration with the legendary Rolling Stone magazine to launch two NFTs BAYC and MAYC and create art prints. Both tokens will be auctioned on June 22 at 9:00 AM ET. The event will be accompanied by a 4-hour sale of collectible art prints in the style of each design, available for $100 equivalent ApeCoin (APE). Auction links will be posted on Bored Ape Yacht Club Twitter when the sale starts. There are no additional details about the brand collaboration yet. As a reminder, last year Rolling Stone and BAYC launched two digital versions of the magazine's cover, featuring a stylized Rolling Stone logo. In addition, the collection included five digital artwork featuring stylized characters from the Bored Ape universe created by various NFT artists.