Cryptocurrency and bitcoin popular searches

Searches for cryptocurrencies plummeted by 84% in 2019 compared to last year, new Yahoo Search data has revealed.

There were 65% fewer queries for the term “bitcoin”, suggesting that the waning interest in digital currencies among investors is mirrored by the general public.

Recent data from the Tie, a provider of data on digital assets, found that institutional investors — such as banks and pension funds — have lost interest in Bitcoin, the pioneer cryptocurrency that once rocked the financial world.

Mentions of institutional interest in Bitcoin in news headlines fell to a 2019 low in October, the provider said.

Similarly, analysts have concluded that interest from banks and other large financial institutions is also on the decline.

Analysts from JPMorgan concluded earlier this year that the hype about cryptocurrencies and blockchain — the technology framework that underpins all cryptocurrencies — is overblown.

The crypto-based digital currencies have not yet made…