The term “Bitcoin price” is getting fewer and fewer searches on Google than at any point in the past – is what new data from Google Trends recently revealed. The term even got to a three-year low in terms of search volume.
As a public web facility that uses the search data on Google, Google Trends often gives insight into the frequency of specific search items. Using its service, anyone can see the level of interest in a specific term.
If we take the term “bitcoin price” for an example, the data shows that from 2013 up until 2017, the term had a flat search frequency. The real spike started from May 2017 – when Bitcoin embarked on its journey and came close to $20,000 during its peak month of December 2017.
Just like Bitcoin’s price, the interest in Bitcoin slowly faded away – which is best seen from the period from January 2018 when Bitcoin started dropping and shrank to less than half of its peak price. Currently, the worldwide ‘bitcoin price’ term search stands at 7 out of 100 – which is the lowest point since July 2017 – and falling.
Obviously, a new market rally may change the entire scenario – and just like the interest for Bitcoin – may rake in more searches about the ‘Bitcoin price’ term in the near future.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]