Bitcoin’s Social Dominance Tanks Over 30% As Price Dips Below $42K, LunarCrush Data Reveals
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Benzinga
Benzinga
Bitcoin (CRYPTO: BTC) momentarily dipped under the $42,000 mark on Sunday evening. The apex cryptocurrency plummeted from $43,357 to an intraday low of $41,800 within just 20 minutes. What Happened: Data from LunarCrushreveal a decline in Bitcoin’s social metrics as well. In the last 24 hours, Bitcoin’s social dominance has decreased by 30%, with social engagement also taking a 35% hit, now standing at 7.29 billion interactions. Social dominance measures a cryptocurrency’s “share of voice†by comparing its social media volume to that of the entire crypto market, according to LunarCrush. Social…