Google Searches For Bitcoin Reach Lows Not Seen Since 2020 When Price Was At $10K
Portfolio Pulse from Mehab Qureshi
Google search interest for cryptocurrency-related terms, including "crypto," has declined for the past two months, reaching levels not seen since late 2020. This coincides with lower trading volumes on exchanges and a bear market in cryptocurrency. Bitcoin searches have dropped to levels not seen since October 2020, when its price was around $10,000.
June 05, 2023 | 12:14 pm
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Google searches for Bitcoin have dropped to levels not seen since October 2020, when its price was around $10,000. This decline in interest coincides with lower trading volumes and a bear market in cryptocurrency.
The decline in search interest for cryptocurrency-related terms, including Bitcoin, indicates a decrease in public interest and awareness. This can lead to lower trading volumes and potentially negatively impact the price of Bitcoin in the short term, as it suggests a bear market in cryptocurrency.
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