Google Trends: the number of queries about Bitcoin reached a six-month high
Source:
Due to the sudden collapse of Bitcoin prices, the number of queries in Google on the topic struck a semi-annual maximum. The latest data from Google Trends shows a spike of interest in the topic of cryptocurrency after Bitcoin price has fallen by more than 30 percent. Now the weekly number of requests with the key «» higher than the April figures, when the rate of coin began to rise sharply from 7 to 10 thousand dollars.
Among related queries now the most popular are the «» ««. These indicators were recorded except in February, when the price ran down and fell below 10 thousand.
Media somehow revive it when the prices fall, thus trying to emphasize the "risks" associated with the cryptocurrency. It's too bad, because bad advertising is also advertising. Thus, in view of price fluctuations on cryptocurrency and Bitcoin in particular to know more people.
thelook for levers
Because the price of BTC throughout history have correlated with interest, traders on the agenda now stands . It was assumed that the media can provoke a new flow of interest in December, which was the planned high-profile launch of the first regulated cryptocurrency platform for institutional investors Bakkt. Later, however, the representatives of the project announced on 24 January, causing the price of Bitcoin continued to fall. Hope for a speedy reversal of the trend is also gone.
theParent company NYSE launches cryptocurrency branch
At the time of writing, the level of support for BTC remained at around 4 thousand dollars. While many traders have already been configured on bullrun in the medium term.
As written by Bitcoinist, even such cryptoanalyst, like Mike Novogratz of the Galaxy Digital and of Fundstrat say that now the trend is heavily dependent on new products like Bakkt.
It is not yet built , we will be in limbo. More data to search for .
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