RATE Group | Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low
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Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low

25 Aug Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low

Posted at 13:10h in Bitcoin News by

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Fewer people are looking up the term “Bitcoin Price” on Google than at any point for more than a year. Data from Google Trends reveals that the search term is approaching historically low levels of popularity not seen since 2015.

Market Slump’s Effect on Google Searches

Google Trends describes itself as a public web facility that gives users insight into the frequency of specific search-terms relative to the total volume of searches carried out by internet users around the world. Using its service, it is possible to get an idea of the level of interest in bitcoin trading by using search frequency as a proxy.

The available data shows that from 2013 up until early 2017, search frequency for the term was mostly flat, with a few minor spikes from time to time. This all changed from May 2017 as bitcoin embarked on its record breaking bull run, at one point touching $20,000 at the end of the year.

bitcoin price google search chart
Source: Google Trends

The peak period for ‘bitcoin price’ searches was the…

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