The latest developments in the crypto space have caught the attention of retail traders. Google trends data shows that the number of “cryptocurrency” searches has skyrocketed to new all-time high levels with queries varying from environmental issues to should investors sell. Google trends’ Twitter highlighted the massive surge in online searches for “cryptocurrency” during the massive market crash. Cryptocurrencies have earned a lot of mainstream exposure this year.
#cryptocurrency is at an all-time high for search interest, Worldwide 🌎 pic.twitter.com/8tMMHhubJz
— GoogleTrends (@GoogleTrends) May 19, 2021
Google searches for cryptocurrencies skyrocket.
The world’s largest search engine provided more details on various crypto-related queries made by users. The most significant increases came from “what happened to cryptocurrency today,” which recently saw an 850% uptick. “Should I sell my crypto” searches in the US alone skyrocketed by 400% in the past day. This came amid one of the largest market-wide crashes in which bitcoin fell by $10,000, and most alternative coins bled out even worse. Additionally, people were highly interested in environmental issues. According to Google searches, people were highly interested in environmental issues related to cryptocurrencies.
Cryptocurrencies continue to gain mainstream exposure.
Over the past year, bitcoin and other cryptocurrencies have gained massive mainstream exposure. The price of bitcoin reached as high as $65,000 last month, and major companies like PayPal and Tesla announced their crypto investments. Cryptocurrencies continue to get mainstream exposure as more and more people got interested in it and more and more companies started to invest in them. The parabolic increases have caught the attention of mass media and retail investors. Bitcoin has proven to be among the best investment of the last decade, and more and more people are trying to get on it with time.
