Cryptocurrency
Google Searches for Bitcoin Spike After BTC Price Hits 6-Month Lows
As reported by Cointelegraph, “Bitcoin (BTC) has sparked fresh interest from mainstream consumers after its price nosedived to its lowest levels since May this week. “According to data from Google Trends, ‘Bitcoin’ and associated terms have increased in popularity conspicuously over the past week. “Currently, ‘Bitcoin’ is at its highest search ranking since late October, […]
As reported by Cointelegraph, “Bitcoin (BTC) has sparked fresh interest from mainstream consumers after its price nosedived to its lowest levels since May this week.
“According to data from Google Trends, ‘Bitcoin’ and associated terms have increased in popularity conspicuously over the past week.
“Currently, ‘Bitcoin’ is at its highest search ranking since late October, when BTC/USD traded at close to $10,000.
“Geographically, interest appears to be coming from Africa, with Nigeria, South Africa and Ghana forming the top three sources. Austria and Switzerland complete the top five.
“Attention is also focusing on factors beyond the Bitcoin price — the term ‘Bitcoin halving‘ is likewise in the spotlight once again since its October highs.
“The event, scheduled for May 2020, is widely considered as a catalyst for markets, with multiple analysts predicting a new parabolic bullish phase beginning after or just before the halving…”