Google searches for bitcoin have diminished
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.
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.
- Cryptocurrency: Why all eyes are on eToro’s USA launch
- Bitcoin weekly price analysis 28 August: Token’s value soars in face of ETF rejections
- Most global companies are slow to adopt blockchain technology: PwC survey
- Leading universities are offering a growing number of crypto courses: Coinbase
- Cryptocurrency: Value-making coins vs value-giving coins