‘Google Trends‘ has revealed that the search for Bitcoin has increased massively this week after a downfall of public interest earlier this year. A subsidiary of Google Trends has revealed that the searches for Bitcoin have moved up on a scale of 100 from 8 to 17 which is massive. This is recorded as the highest amount of searches that bitcoin has received since April this year.
The search for other altcoins such as XRP, ETH etc. apart from Bitcoin has also increased but not as much as for bitcoin. The word cryptocurrency is also on a rise in terms of google search. Bitcoin Cash received a huge public interest during the week of the hard fork this month.
Interest correlated with bitcoin price?
This month was the most tragic for the cryptocurrency market with all the cryptocurrencies especially bitcoin falling massively. Bitcoin traded as low as $3600 which was a yearly low for the coin.
From yesterday, as the market has started to rise again, the public interest has also started to rise which means that the interest and price are somewhat correlated.
Cryptocurrency Analysts are predicting a rise in the price of the prominent cryptocurrencies at the end of this year after the market has started to gain bullish momentum again since yesterday. The adoption of bitcoin and other cryptocurrencies has been on a rise this year which means that the adoption is nowhere related to the market fall or rise.
