Type to search

Bitcoin News

The Number Google Searches for Bitcoin related to Bitcoin Prices Changes

Share

Bitcoin’s (BTC) value nosedived to approximately  $6,500 last month after staying above the $8,000 for a while. Such a decline marked Bitcoin’s worst market performance over the past seven months.

Nevertheless, even with this aforementioned upturn in BTC’s fortunes, Google Trends demonstrates that global interest in the top cryptocurrency continues to grow any time the asset experiences a sudden shift in price. Also, the term “Bitcoin” reached its highest search ranking since Oct. 26 in November, when the coin traded above the threshold of $9,200.

BTC Google Trends interconnects with its value

According to publicly available data, a majority of this year’s Bitcoin-related Google search interest came during times when the cryptocurrency was either soaring or losing its value.

For example, between June 19 and June 29— a time when the price of BTC grew extremely rapidly from about $9,000 to just over $12,900 — global currency interest reached a peak. Likewise, during the second week of May, a period when the price of Bitcoin grew from $5,500 to just over $8,000, another complementary increase in Internet search was observed.

Nonetheless, Alexey Ermakov, Aximetria’s CEO— a crypto-centered mobile banking network— thinks it is a futile effort to conjure up connections between BTC’s price and its associated online inquiries.

In his opinion, any person or organization who wants to create a pro-Bitcoin feeling on the market and is essentially a means of spreading disinformation on the internet can concoct these connections at any time.

Bitcoin is projected to continue to gain more and more mainstream popularity in the next few months, as the coming halving of the currency is set to take place sometime after the second week of May 2020. By this time, several analysts predict that a new parabolic bullish phase will be undergone by the crypto market as a whole.

Join Bitxmi Exchange

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Tags:
Olesia Deineka

Olesya is a freelance journalist for Bitxmi. Relatively new in the cryptocurrency space, she is passionate about journalism and fair, unbiased reporting.

  • 1

Leave a Comment

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 10,744.42 0.06%
ethereum
Ethereum (ETH) $ 354.87 0.51%
tether
Tether (USDT) $ 0.999883 0.06%
ripple
XRP (XRP) $ 0.242363 0.41%
bitcoin-cash
Bitcoin Cash (BCH) $ 227.89 3.05%
chainlink
Chainlink (LINK) $ 10.74 5.25%
polkadot
Polkadot (DOT) $ 4.22 2.80%
binancecoin
Binance Coin (BNB) $ 26.00 1.22%
cardano
Cardano (ADA) $ 0.101777 8.00%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 169.80 3.55%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.153875 0.08%
litecoin
Litecoin (LTC) $ 46.03 0.31%
usd-coin
USD Coin (USDC) $ 1.00 0.08%
eos
EOS (EOS) $ 2.58 0.63%
tron
TRON (TRX) $ 0.026475 3.08%
monero
Monero (XMR) $ 98.11 4.20%
okb
OKB (OKB) $ 6.17 0.97%
tezos
Tezos (XTZ) $ 2.17 0.44%
stellar
Stellar (XLM) $ 0.073376 0.04%
neo
NEO (NEO) $ 21.07 1.27%
cdai
cDAI (CDAI) $ 0.020897 0.08%
leo-token
LEO Token (LEO) $ 1.24 0.92%
cosmos
Cosmos (ATOM) $ 4.69 3.48%
nem
NEM (XEM) $ 0.121611 0.20%
huobi-token
Huobi Token (HT) $ 4.62 0.23%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 10,759.21 0.16%
dai
Dai (DAI) $ 1.01 0.24%
yearn-finance
yearn.finance (YFI) $ 30,352.00 0.03%
vechain
VeChain (VET) $ 0.012721 0.73%
theta-token
Theta Network (THETA) $ 0.736380 5.90%
iota
IOTA (MIOTA) $ 0.259358 0.48%
ethlend
Aave (LEND) $ 0.558586 0.77%
uniswap
Uniswap (UNI) $ 4.80 0.73%
dash
Dash (DASH) $ 68.43 1.05%
havven
Synthetix Network Token (SNX) $ 5.12 2.07%
ethereum-classic
Ethereum Classic (ETC) $ 5.41 0.70%
zcash
Zcash (ZEC) $ 55.44 0.95%
uma
UMA (UMA) $ 9.92 4.46%
binance-usd
Binance USD (BUSD) $ 0.999993 0.06%
compound-governance-token
Compound (COMP) $ 138.17 4.03%
maker
Maker (MKR) $ 498.00 5.03%
omisego
OMG Network (OMG) $ 3.09 0.69%
ontology
Ontology (ONT) $ 0.662326 3.34%
true-usd
TrueUSD (TUSD) $ 1.00 0.16%
dogecoin
Dogecoin (DOGE) $ 0.002703 0.48%
basic-attention-token
Basic Attention Token (BAT) $ 0.228071 1.52%
ftx-token
FTX Token (FTT) $ 3.61 1.13%
celsius-degree-token
Celsius Network (CEL) $ 0.911002 0.19%
digibyte
DigiByte (DGB) $ 0.023949 1.34%
paxos-standard
Paxos Standard (PAX) $ 1.00 0.11%