- Bitcoin recently crossed the $5,000 mark
- Internet searches for Bitcoin and cryptocurrencies have more than tripled in the past week
- China’s Baidu found BTC as the top hot keyword
The recent cryptocurrency market rally has generated greater interest from the internet users as according to Google Trends and Baidu’s data, searches for Bitcoin and other digital currencies have more than tripled.
Bitcoin Fever Catching On Again
As previously reported by Blockchain Reporter, Bitcoin has amassed huge trading volume in the last couple of days which has had a direct impact on its price. The premier cryptocurrency’s price skyrocketed from around $4,100 to well beyond the $5,000 mark. The dramatic surge in price has already taken the cryptosphere by shock with speculations about an incoming bull run running rife.
Now, it has come to light that Bitcoin is again, albeit slowly, able to pique the attention of the mainstream. According to Google Trends data, the searches for Bitcoin and other digital currencies have more than tripled in the past week.
Search interest went from about 33 to 100 (out of 100) right after the steep rise in crypto’s prices. However, the colossal rise didn’t last too long as it rebounded to between 50 and 75. Also, it’s worthy of note that complete search data is not available and the results drawn from Google Trends are based on algorithms.
(Source: Google Trends)
According to data compiled, people from the countries of Nigeria, South Africa, the Netherlands, Austria, and Switzerland showed the highest interest in the rise in the price of cryptocurrencies. Further, relatively smaller countries like St. Helena and Slovenia were also found among the top spots. Surprisingly, the United States and Canada didn’t feature in the top ten countries.
Bitcoin Frenzy Extends to China
China, which has been notoriously strict towards cryptocurrencies saw its Google – Baidu – hit with surging interest in cryptocurrencies. In fact, BTC topped the list of hottest keywords search on Baidu.
Due to the recent price surge, #bitcoin tops today's Baidu hottest emerging keywords. (Baidu is like China's Google) pic.twitter.com/AWtVw9aOzw
— cnLedger (@cnLedger) April 4, 2019
This cements the generally held claim of a positive correlation between the price of Bitcoin and the general interest on the internet towards cryptocurrencies. As Bitcoin’s price surges, more mainstream publishing outlets begin covering digital currencies, which, in turn, encourages the mainstream to delve deeper into the world of cryptocurrencies.
