Bitcoin

The Keyword ‘Buy Bitcoin’ On Google Search Hits The Lowest In 2 Years

Since the beginning of the year, Bitcoin (BTC) has been trending lower, registering a sizable sell-off while fighting to maintain its value of over $20,000. Investor interest in the asset has decreased since the market slump.

According to data provided by Google, the popularity score for the keyword “Buy Bitcoin” fell to a fresh two-year low during the week ending September 10.

On October 17, 2020, when the cryptocurrency was preparing for a new surge that ended in the bull market recorded last year, the term saw its last low-interest level.

Source: Google Search

When regions are broken down, Nigeria leads with a peak popularity score of 100 for the keyword, followed by Ghana at 33. Cameroon receives a score of 30, placing it in third place.

Source: Google Search

The African blockchain ecosystem has continued to expand and draw considerable funding despite the downturn in the cryptocurrency market, and venture capitalists (VCs) continue to gamble on the sector’s future.

In general, there is now much less interest in Bitcoin, which has corrected by approximately 70% from its record high achieved in November 2021. Since the sell-off, Bitcoin has been consolidated around the $20,000 level.

At the time of writing, BTC is trading at $21,500.

BTC daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.