Google Trends shows lower interest in cryptocurrencies

Posted 17 September, 2019

The interest of users of the Google search engine for bitcoin (BTC) has been steadily declining over the course of three months in the absence of noticeable movements in the market. Data from the statistical resource Google Trends confirms that search queries using the term “bitcoin” have reached a minimum value since the end of April. It should be noted that Bitcoin has long been above the level of 10 thousand dollars, which is a potential sign for further growth.  However, online interest in the main cryptocurrency remains at a level when its price was approaching $4,100.

Currently, the level of interest around the world at the request of "bitcoin" is about 38. This is less than at the end of last year. However, in different countries, this range is very different. So in the USA - 33, Germany - 44, and in Nigeria - 100. The global figure reached 100 at the end of June when Bitcoin reached an annual high of $13,900.

Analysts unanimously concluded that interest in Bitcoin wakes up as its price volatility rises. The global search index began to grow after the start of a sharp increase in the price and volatility of the main cryptocurrency, which began on April 1, 2019.

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