‘’Bitcoin Price’’ Is Not The Most Searched Term On Google Anymore

Less and fewer people are looking up the term ‘’Bitcoin Price’’ on Google and the ratings show that the term is approaching a never seen low levels since 2015.

These results can be seen on Google Trends which is basically a public web tool that gives all the users a peek into how frequently specific terms are written down in the search bar around the world. Using Google Trends users get the idea of the level of interest in let’s says bitcoin by using search frequency as a proxy. The data shows that from 2013 until 2017 the search frequency for this word was mostly flat but in May 2017 when bitcoin started its bull run, the search frequency grew with the price reaching $20.000 by the end of the year.

The peak period for this particular term was somewhere between December 2017 and January of this year when Bitcoin attracted hundreds of investors along the way. However, in February this year, the frequency of this search term broke down by the double as bitcoin got almost half the price since its peak.  Today, the search frequency for the term ‘Bitcoin price’’ stands at its lowest point since July 2017 and it is still falling. Google Trends data show that the search frequency of the term HODL is also dropping a lot.

However, with the rise in price in Bitcoin we can expect that people will look up this term more. Bitcoin is yet again dominating the market reaching a price of $6.700 which is an increase from $6.400 in just 24 hours. This represents a strong uptrend in a daily volume. Also, the crypto market’s value increased as well from $210 billion to $215 in 48 hours pushed by the surge in the tokens’ price.