Google Trends: Interest in Bitcoin returned to April level
It seems that the decline in the rate of the largest cryptocurrency turned out to be exactly the factor that was necessary to revive interest in it among the general public..
According to Google Trends data, the number of searches with the mention of bitcoin has continued to grow rapidly over the past weeks and has already reached levels last seen in April..
It should be noted that this is still significantly less than in December. If the level of interest for the week of December 17-23 corresponds to 100 points on the Google Trends scale, then today it is only 15.
There is also interest in the query “bitcoin fell”, which is now even closer to the February levels.
Curiously, interest in Bitcoin Cash reached its highest levels in recent years on November 15, that is, on the day of its hard fork, after which it began to rapidly decline – just like the price of a cryptocurrency.
Earlier, it was also noticed that the volatility that came to the bitcoin market after several months of relative stability had a positive effect on the trading volume of cryptocurrency exchanges, which, however, cannot be said about the network hash rate, which, against the background of recent events, began to decline for the first time this year..
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