Bitcoin ($ BTC) search interest reaches 12-month high as cryptocurrency market recovers

Bitcoin ($ BTC) search interest reaches 12-month high as cryptocurrency market recovers

Search interest in the flagship cryptocurrency currency Bitcoin ($ BTC) has risen to a 12-month high since the price of the BTC fell below its $ 18,000 low and recovered rapidly and is now above $ 21,000.

By Google datasearches with the keyword “Bitcoin” have recently reached a peak they had not seen in the last 12 months, even though the fçagshi cryptocurrency trading was over $ 60,000 at the end of last year.

Google Trends uses a directory-like approach to describe search interest, but does not show exact figures. Nevertheless, it shows that interest in cryptocurrency has risen from 38 to 100 in the last two weeks, a total of 100 interest has not been so high for a long time.

According to the data, most of the cryptocurrency flagship searches come from El Salvador, a country that made Bitcoin a legal tender in September 2021 and has collected BTC at the checkout. Behind El Salvador are Nigeria, Georgia and Turkey.

Google Trends data apparently reflects the anxiety seen in the cryptocurrency market in recent weeks, and interest in cryptocurrencies has grown as even the number of “Bitcoin dead” searches has exploded.

By tracking websites, the media has declared Bitcoin “dead” more than 455 times since the creation of the cryptocurrency, and the oldest vote took place in December 2010. So far this year, it has been suggested that BTC has “died” 15 times, compared to 47 last year.

As reported by CryptoGlobe, Kevin O’Leary, a celebrity investor known as “Mr. Wonderful in the ABC TV series” Shark Tank, “has revealed that he is buying price cuts in cryptocurrencies and adding to his Bitcoin ($ BTC) and Ethereum ($ ETH) positions while comments on how to handle cryptocurrency sales.

O’Leary revealed that he sees the downturn in the cryptocurrency market as a good thing and is doubling the value of the cryptocurrencies associated with BTC, ETH and other Web 3 projects, while acknowledging that not all of his investments are a winning bet.

Meanwhile, former hedge fund manager Jim Cramer, who has previously said he directly owns Ethereum ($ ETH) and urged viewers to consider investing in Coinbase stocks (NASDAQ: COIN) in August 2021, has said he will see the price of Bitcoin fall. $ 12,000 in the future.

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h/t – CryptoGlobe

Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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