Google Trends Reflects Declining Bitcoin Interest in a Volatile Market
As Bitcoin prices fell below $60,000 in early September, global interest in the cryptocurrency has noticeably cooled, as reflected in Google Trends data.
The search term “bitcoin” has dropped from a score of 57 on January 1, 2024, to just 32, marking a 43.85% decline year-to-date. Although countries like El Salvador and Nigeria maintain strong interest, the broader five-year trend shows a significant drop, with the current score plummeting to 16.
This decline in search activity suggests a potential shift in public perception, possibly indicating a maturing market or the need for new developments to reignite enthusiasm.
Clever Robot News Desk 3rd September 2024
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