Google’s trend explorer is in the latest news on our DC Forecasts crypto news site, this time showing a record high in terms of searches related to the term “Bitcoin” this year. As the report shows, the levels hit a record high since the first week in April.
Even though there is no clear information about how many searches has the term “Bitcoin” accrued so far this week, data from Google revealed that the searches in the past three days alone made up 17% of the all-time high weekly search volume from December 17-23 2017.
What’s also interesting is the fact that at that time, Bitcoin was coming closer to the $20,000 mark while now it is valued at more than $4,300 according to latest news.
The trend data also reveals that the most searches for Bitcoin in the world past week came from Nigeria, South Africa and Austria (in this order) and the United States barely made it to the top 20, ranking in at 19th.
It has long been speculated that the price of Bitcoin and the number of search terms on Google are highly correlated, which suggests that the recent uptick may be a sign for new positive outcomes in the Bitcoin price.
In other words, the periods of ‘low’ Bitcoin search volume have been so far statistically in line with the dropping price of the most dominant cryptocurrency. On the other hand, the rising interest for Bitcoin may give many points for maximum financial opportunity – but also a warning sign that Bitcoin may be a ‘bubble’ and that it may also reverse in price very soon.
Analysts Confirm: The Bomb Threats Aren’t The Reason For The BTC Price Drop
“Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found.”Also, it is highly unlikely that the bomb threats cause the price to decline because the closing of the investigation would lead for the value of BTC to rise since there were no devices discovered that were connected to the bomb threats.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
Circle CEO: ‘’Bitcoin Will Be Worth A Great Deal More Than Today’’
“I don’t make significant price predictions. But it’s certainly going to be worth a great deal more than it’s worth today. I am long in the market.”Allaire says that the people who lost a ton of money in the bear market will only get back into the game because of the fundamentals of cryptocurrencies and that they won’t change despite the downturn in prices. He also believes that bitcoin plays a huge role as a non-sovereign store of value. Allaire continued to explain:
“The key thing with bitcoin is that it is unique in its security and its scale. As an idea that we need a scarce, non-sovereign store of value that individuals can hold in a protected fashion — that’s attractive all around the world.”However, he thinks that some of the digital currencies will eventually die off due to overcrowding of the market but this doesn’t mean that if one digital currency succeeds that the rest will cease to exist. When asked about the burning question of regulation, he says that the United States has one of the most transparent regulation since most of the digital currency and banking systems have already been regulated, many of which this year only. Circle is already regulated under the Bank Secrecy Act and money transmission laws and this is a very important element for all the customers and users.
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