Google searches for bitcoin have diminished |

Google searches for bitcoin have diminished

Peter Terlato 6 March 2018 NEWS

Searches for “bitcoin” have dwindled to just one tenth of the peak search volume recorded in December.

Despite a flurry of overwhelming online interest in December, over the past few months the term “bitcoin” has seen a significant drop off in Google search popularity, matching steep price movements over the same period.

On December 22, 2017 searches for “bitcoin” hit their peak (100), according to live Google Trends data. However, by the beginning of January searches sank to just one quarter of the peak volume.

Although the cryptocurrency search term witnessed a resurgence in consumer interest in mid-January and early February, it has since dwindled to just one tenth of its peak search volume as of March 4, 2018.

You can see the meteoric rise and fall of “bitcoin” Google searches in the live chart below.

In comparison, other crypto-related search terms, such as “cryptocurrency”, “blockchain”, “ICO”, “Ripple” and “Ethereum” have not generated anywhere near as much popularity as “bitcoin”, according to the trends data.

Bitcoin’s search popularity seems to mirror its price movement over the past three months.

Bitcoin’s value plunged by more than one third in just a few days during December 2017, free-falling from a lofty all-time high of nearly $20,000 down to just $11,200. It has since seen some wild price swings, although it has never come close to touching the ceiling it reached late last year and is now hovering around $10,700.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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