RATE Group | Bitcoin Spiking Above $10,300 Sends Google Search Volumes Exploding
79121
post-template-default,single,single-post,postid-79121,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Spiking Above $10,300 Sends Google Search Volumes Exploding

12 Feb Bitcoin Spiking Above $10,300 Sends Google Search Volumes Exploding

Posted at 01:59h in Bitcoin News by

[ad_1]

Bitcoin saw a massive movement today that led the cryptocurrency to reclaim its position within the coveted five-figure price region, with the latest rally allowing BTC to set fresh 2020 highs at $10,400.

One byproduct of this rally has been an explosive surge in search volumes for the phrase “buy Bitcoin,” which is an indicator that retail investors may be on the brink of “fomoing” back into the nascent market.

The last time this occurred was in 2017, when BTC saw a meteoric rise that allowed it to climb to its all-time highs of nearly $20,000 – a movement that was almost entirely fueled by neophyte retail investors rushing into the markets at an insanely rapid pace.

Bitcoin’s 2020 Rally Revitalizes Investor Sentiment

Bitcoin saw some massive upwards momentum today that came about after the cryptocurrency dipped as low as $9,700 yesterday, leading the aggregated crypto market to similarly see some downside.

Although the break below $10,000 led many investors and analysts…

[ad_2]

Source link

Tags:
, , , , , , ,