Bitcoin Losing Its Glow? Google Search Interest Hits 2-Year Low
Portfolio Pulse from Mehab Qureshi
Global search interest in Bitcoin has reached its lowest level since 2021, with Google Trends data showing a decline from a peak score of 100 in May 2021 to 18 at the time of writing. This decline highlights the challenges faced by the cryptocurrency sector amid decreasing prices in 2022.
May 24, 2023 | 11:06 am
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NEGATIVE IMPACT
Bitcoin's search interest has reached a 2-year low, indicating a decline in general interest in the cryptocurrency sector, which may negatively impact its price in the short term.
The decline in search interest for Bitcoin reflects a decrease in general interest in the cryptocurrency sector. This lack of interest may lead to reduced trading volume and demand, which could negatively impact Bitcoin's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100