Cryptocurrency
“Is Bitcoin Dead” Google Search Volume Reaches New High
“Is Bitcoin Dead” Google Search Volume Reaches New High Google Search Volume for the phrase, “is bitcoin dead“, has reached a new high amongst the recent market downturn. In recent weeks, the collapse of Terra Luna and insolvency of Celsius has put severe stress on the cryptocurrency market. Further concerns around contagion remain following the […]
“Is Bitcoin Dead” Google Search Volume Reaches New High
Google Search Volume for the phrase, “is bitcoin dead“, has reached a new high amongst the recent market downturn. In recent weeks, the collapse of Terra Luna and insolvency of Celsius has put severe stress on the cryptocurrency market. Further concerns around contagion remain following the recent margin call of the multi-billion dollar hedge fund Three Arrows Capital.
Search Highs & Price
Even throughout Bitcoin’s historic declines, it has always managed to rise from the dead. However, this time is certainly different. Bitcoin has never existed in a potential economic recession with the Dollar Current Index reaching 20y highs. While we have yet to know if this is the bottom for Bitcoin, sentiment has been stretched to the extreme.