Thursday, February 25, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Rising Bitcoin Search Volumes Point to 2019-Like Price Rally

9 months ago
in Price
3 min read
Rising Bitcoin Search Volumes Point to 2019-Like Price Rally
Share on FacebookShare on Twitter


  • Searches for the keyword ‘Bitcoin’ is trending higher on Google since late-March.
  • The surge in internet volumes is similar to what they were before the 2019 price rally.
  • Interest in the cryptocurrency is booming as searches for the keyword “buy bitcoin” hit a perfect 100 score.

A Google Trends search is no moving average wave, but it remains incredibly relevant while gauging people’s interest in Bitcoin.

The cryptocurrency’s unofficial indicator is now reflecting an optimistic outlook. So it appears, searches on Google.com for the keyword ‘bitcoin’ is inching higher since late-March, with its latest weekly reading hitting 2019’s pre-rally levels.

bitcoin, google trends, btcusd, xbtusd, btcusdt

‘Bitcoin’ search trends on Google for over five years

The “interest over time” score for the keyword reached 14 in the running week, showing its rising popularity over a five-year time range. The rating was low compared to Bitcoin’s all-time high of 100 in December 2017. But yet, it was inching closer to its 2019 top of 24, achieved when Bitcoin’s spot rate rallied from $8,799 to nearly $14,000 in a week.

Related articles

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

February 25, 2021
Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square

February 24, 2021

Scores at Google Trends reflect the absolute search volume for a term, such as ‘bitcoin,’ relative to the number of searches received by Google. That said, the keyword ‘bitcoin’ competes with its volume over a specified timeframe. The latest readings show Google is handling more queries for the cryptocurrency than in the last 11 months.

Google Trends-Bitcoin Correlation

Bitcoin’s Google Trends and spot price surged hand-in-hand in late 2017 – and fell in sync as well. As by November-December 2018 session, the search volumes were returning scores as low as 5. That was also the period wherein Bitcoin bottomed out near $3,200.

24 was Bitcoin’s highest Google Trends score in June 2019 after its crash. Interest for the cryptocurrency boomed as investors hunted for safe-haven assets amid the then-escalating U.S.-China trade war. The trend propelled higher also because of Facebook’s sudden foray into the cryptocurrency sector with its payment project Libra.

But as soon as the hypes faded, so did the Bitcoin’s gains and its Google Trends score. Incidentally, Bitcoin’s search volume in the current times is rising amid a similar set of narratives, including halving, institutional investments, and the coronavirus pandemic that has posed bitcoin as a hedging asset against a financial crisis.

“Buy Bitcoin” Searches Hit 100

More and more people are now searching for Bitcoin on Google. Some of them may even end up buying the cryptocurrency. A 12-month time range, for instance, shows volumes for the keyword “buy Bitcoin” has hit a perfect 100 this week.

bitcoin, google trends, btcusd, xbtusd, btcusdt

Google Trends results for the keyword “buy bitcoin.”

Short-term upside trends hint at scores hitting at least the pre-rally levels of 2019 – at 24. If that happens, bitcoin could swell its market cap by as much as 100 percent, repeating its June 2019…



Read more:Rising Bitcoin Search Volumes Point to 2019-Like Price Rally

Tags: 2019LikeBitcoinbitcoin news todayPointPriceRallyRisingSearchVolumes

Related Posts

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

by Bitcoin Market
February 25, 2021
0

On Sunday, February 21, the price of bitcoin touched a new all-time high (ATH) at $58,354 and at the...

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square

by Bitcoin Market
February 24, 2021
0

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo.STR | NurPhoto | Getty ImagesBitcoin's...

Bitcoin’s sell-off is ‘part of its DNA’ and could still surge to $100,000,

Bitcoin’s sell-off is ‘part of its DNA’ and could still surge to $100,000,

by Bitcoin Market
February 24, 2021
0

Cindy Ord/Getty Images The more than 20% sell-off in bitcoin this week shouldn't be a surprise to investors familiar...

Fed’s Powell Offers Bitcoin Bulls Glimmer of Hope as Price Drops to $45K

Fed’s Powell Offers Bitcoin Bulls Glimmer of Hope as Price Drops to $45K

by Bitcoin Market
February 23, 2021
0

TipRanksBillionaire Ray Dalio Places Bet on 3 “Strong Buy” StocksWhen billionaire financier Ray Dalio makes a move, Wall Street...

Market Wrap: Bitcoin Stabilizes After Margin Calls Fuel Biggest Plunge in Month –

Market Wrap: Bitcoin Stabilizes After Margin Calls Fuel Biggest Plunge in Month –

by Bitcoin Market
February 22, 2021
0

Bitcoin prices plunged as much as 19% in a violent sell-off Monday, the biggest of the year in dollar...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

February 25, 2021
Bitcoin: What its history reveals about its future | DW | 24.02.2021

Bitcoin: What its history reveals about its future | DW | 24.02.2021

February 25, 2021
Charlie Munger on Bitcoin: ‘buy the unspeakable’

Charlie Munger on Bitcoin: ‘buy the unspeakable’

February 25, 2021
Dogecoin jumps 25% after a one-word Elon Musk tweet about the red-hot cryptocurrency

Dogecoin jumps 25% after a one-word Elon Musk tweet about the red-hot cryptocurrency

February 25, 2021
Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

February 25, 2021
Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

February 25, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$50,876.002.62%
  • bitcoin-cashBitcoin Cash(BCH)$544.482.83%
  • binance-coinBinance Coin(BNB)$261.5914.35%
  • bitcoin-goldBitcoin Gold(BTG)$28.59-6.85%
  • bitcoin-privateBitcoin Private(BTCP)$0.8132.30%
  • blocktixBlocktix(TIX)$0.0200.00%