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Bitcoin Interest Rebounds After Price Uptick—What Google Trends Metrics Show

source-logo  news.bitcoin.com 03 November 2024 17:30, UTC

According to recent data from Google Trends, interest in the search term “bitcoin” has nudged upward, showing a modest rise after hitting notably low points over both the five-year and 90-day views.

Bitcoin Interest Makes a Comeback

Interest in the search term “bitcoin” has picked up since the recent price uptick, with a notable rise starting around Oct. 27. On a 90-day scale, global data shows the term hit a score of 51 out of 100 on Oct. 30.

Google Trends measures search interest on a relative scale from 0 to 100, tracking terms over time and by location. During the past 90 days, El Salvador leads as the top location for “bitcoin” searches on Google Trends.

Google Trends data for the search term “bitcoin” according to the 30-day view.

Looking at a shorter-term, 30-day view, data reveals “bitcoin” reached the maximum score of 100 on Oct. 29 globally, with El Salvador and Nigeria at the forefront of searches. While shorter-term data can show quick trends, the longer-term Google Trends data is generally more dependable for deeper insights.

Google Trends data for the search term “bitcoin” according to the five-year view.

Over the past five years, interest in the search term “bitcoin” reached a low score of 17 out of 100 for the week of Oct. 20-26, before nudging up to 23 the following week. El Salvador and Nigeria hold the top spots in search volume over this five-year span, followed by Switzerland, the Netherlands, and Austria.

Notably, “bitcoin mining” has been the most-searched related topic worldwide over the past 60 months, according to Google Trends. This recent rise in search interest for “bitcoin” signals a shift in public curiosity, likely sparked by recent price changes.

High interest in areas like El Salvador and Nigeria suggests that regional factors or economic trends may be driving this renewed attention. Google Trends data illustrates the strong connection between global online interest and the potential for real-world adoption, hinting at bitcoin’s enduring relevance in the evolving digital economy.



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