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Crypto on- and off-chain metrics remain subdued: Citi
August 26, 2024 9:23 AM EDTOn- and off-chain metrics within the cryptocurrency market remain subdued, analysts at Citi Securities said in a recent report. The analysis points to several key factors that indicate a cooling interest in the sector, with diminished search trends, declining network engagement, and low futures funding rates as central themes.
Search interest, a proxy for retail engagement, has dropped significantly. After a brief resurgence, Google search volumes for both... More
