Google Searches for Bitcoin Spike After BTC Price Hits 6-Month Lows
William Suberg's original article for cointelegraph.com reduced by 72%
Bitcoin 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.
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. As Cointelegraph reported, price movements often dictate mainstream interest in Bitcoin, with volatility tending to see more press coverage outside cryptocurrency circles. Unlike the previous two halving events, he noted, 2020 is special, with Bitcoin approaching from a bearish perspective.
Google interest meanwhile appears confined to Bitcoin - statistics for terms relating to altcoins, such as "Ethereum," "ETH" and "XRP," have stayed flat in recent weeks.
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