• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Interest in Bitcoin and Ethereum Falls by 75% According to Google Trends

25/02/2018 15:17
No comments

Google searches for bitcoin and ethereum have considerably fallen recently from a high of 100 to now just 25 according to google trends.

Bitcoin in particular has been falling since December, with google searches now standing at the same level they were in October-November.

Bitcoin Google searches.

Interestingly, the countries most interested in bitcoin have also changed. It used to be primarily African countries that showed most interest, but now it is mostly developed economies:

Bitcoin search trends by region.

Ethereum has a similar story. While it managed to regain a high level of interest in January, after a fall in December, it has been falling since down to around 25, the same level as November.

That trajectory seems to have followed eth’s price movement almost to the dot, showing a clear correlation of almost 1 to 1.

Ethereum google searches.

The direction of the cause and effect, however, is unclear because google searches do not appear to be a leading indicator, so seemingly lagging behind price movements.

The two, therefore, appear to be moving in unison, with lower price due to lower levels of interest and vice versa once that changes.

When that will change no one knows, but bitcoin’s transaction numbers have fallen down again to around 150,000, the same level it had some two years ago.

While Ethereum’s transaction numbers are down too, handling some 730,000 yesterday, the same level it did in December.

A downtrend of sorts therefore has been on-going for the past two-three months, with other data, such as online comments, showing lower activity too.

It could simply be the case of they came, they saw, they went, with this behavior somewhat typical and appearing to be cyclical whereby exuberance gives way to some quieter times.

That might mean sideways action, with a slight tint of downwards. Ethereum, for example, might close February at the same price it opened, around $800-$850.

No one is yet pocking it with a stick, perhaps because they’re all preparing to say this is now stablecoin, not volatile, and a store of value.

But if we can be sure of anything is that the rollercoaster will start again. So for now, we can just sit back and enjoy the nearing of spring, and some quieter time.

 

Related Posts

Ethereum, the burning, Aug 2022

EthereumPoW to Remove EIP1559

US Bureau of Labor Statistics

Bitcoin Jumps as US Inflation Falls to 8.5%

LUSD’s Token Jumps, RAI’s Rises 50%

Infura Censors Tornado Cash Smart Contract

Load More
  • Trending
  • Comments
  • Latest
Proof of Work/Stake

Proof of Stake vs Proof of Work

Ethereum, the burning, Aug 2022

EthereumPoW to Remove EIP1559

Alireza Peyman Pak, file photo

Iran Pays with Crypto For $10 Million Import

Torn price, Aug 2022

Torn Token Dives as US Bans a Smart Contract, ENS Domain Goes Offline

Ethereum, the burning, Aug 2022

EthereumPoW to Remove EIP1559

US Bureau of Labor Statistics

Bitcoin Jumps as US Inflation Falls to 8.5%

RAI Spikes, Aug 2022

LUSD’s Token Jumps, RAI’s Rises 50%

Infura RPC censorship, Aug 2022

Infura Censors Tornado Cash Smart Contract

Comments

Latest News

  • EthereumPoW to Remove EIP1559
  • Bitcoin Jumps as US Inflation Falls to 8.5%
  • LUSD’s Token Jumps, RAI’s Rises 50%

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?