On April 11, Bitcoin reached a significant milestone as its price crossed the $30,000 mark for the first time in history. This has sparked an increase in searches and social media activity related to the cryptocurrency.
According to CoinMarketCap, Bitcoin’s dominance in the cryptocurrency market has risen above 47% as of June 8, 2022, the highest figure in two years. This indicates that Bitcoin is once again becoming a significant player in the world of cryptocurrencies, and investors are taking notice.
Twitter has been abuzz with activity related to Bitcoin, ETH, and cryptocurrencies, with over 88,000 tweets posted with the hashtag #cryptocurrency after the price of Bitcoin hit its highest point of the year on April 11. This indicates that people are interested in learning more about Bitcoin and other cryptocurrencies and are actively discussing them on social media platforms.
Google Trends data shows that the search term “Bitcoin” has received a high score of 93 out of 100 this week, indicating that more people around the world are searching for information about Bitcoin. Over the past 30 days, searches for the word “Bitcoin” scored 64 out of 100 on Tuesday, and searches for news about Bitcoin scored 54 out of 100.
Interestingly, the majority of people searching for “Bitcoin” are residents of El Salvador, followed by Nigeria, Slovenia, and Switzerland. This indicates that interest in Bitcoin is not limited to a specific region or country and is a global phenomenon.
Other Bitcoin-related searches, such as “Bitfinex licensed in El Salvador” or “Bitcoin white paper discovery on macOS,” also received a significant number of hits, indicating that people are not only interested in the price of Bitcoin but also in other aspects of the cryptocurrency.
Despite Bitcoin’s rise in popularity this week, it is worth noting that Google Trends data shows that searches for this term are still not at the highest level of all time. Bitcoin scored a perfect 100 in December 2017 and during the 2021 bull market, indicating that Bitcoin has had a significant impact on the cryptocurrency market in the past and may continue to do so in the future.
In conclusion, Bitcoin’s recent surge in price has triggered a surge in social media and Google searches, indicating that people are interested in learning more about cryptocurrencies. The fact that Bitcoin is once again becoming a significant player in the world of cryptocurrencies is a positive sign for investors and the cryptocurrency market as a whole.
Read more:
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