The position in which Bitcoin is right now, as the latest cryptocurrency news show, is among the strongest we have seen in years. The current Bitcoin standing at $10,000 is stable, but people are not searching for the term anymore on Google and the interest for BTC has dropped. According to analysis from Google trends, there are many reasons for that.
To begin with, we will share some data. According to Google Trends, the term “Bitcoin” is less popular now than any time since the end of April. Despite the largest cryptocurrency trading higher this week than then – at $10,200 compared to $4,100 – it appears that Bitcoin currently attracts very little mainstream interest.
On a scale of 1 to 100, the term “Bitcoin” charts at 38 worldwide after hitting 100 in late June. What’s interesting is that despite the lower interest, the current Bitcoin is stable above the $10,000 margin.
As we previously reported in our Bitcoin and altcoin news, it is the mainstream attention which tends to fluctuate in line with the Bitcoin price volatility. Overall searches appear to have rocketed since the start of April, when the BTC price initiated its rise from months of sideways trading around $3,500.
We have also seen other episodes of parabolic moves which increased Bitcoin’s stance. Mainstream media titles frequently choose to cover crypto price performance over any other event – and if you read the best cryptocurrency news sites – you probably know that the current Bitcoin price is always featured among the top updates.
BTC/USD has meanwhile remained similarly flat around the $10,000 since mid-August and the commentators continue to suggest that the volatility of BTC is ripe to return during the rest of the year.
In today’s BTC updates, we can see that the current Bitcoin price dropped and lost 1.42% as Bitcoin stands at $10,215 at press time. The coming altcoin news, on the other hand, suggest that there are more increases on the market, starting from Ether (ETH) which leads with a 2% surge, continuing with Ripple’s XRP token which rose by more than 1% to reach $0.2657 and Litecoin (LTC) which is now at $72 after a 2% surge.
The total cryptocurrency market cap is at $265 billion and the 24 hour volume is $54 billion.
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