Worldwide interest in the cryptocurrency sector has been on a vertical rise for a while now. According to data from Google Trends, the number of people interested in purchasing different
has increased and hit a milestone.
Google Trends data shows that searches for “buy crypto” has now spiked to levels last seen in January 2018. At the time, the crypto market and the rest of the world were responding to the heavy spike in prices of cryptocurrency around that period. About a month earlier, Bitcoin had hit $20,000, currently the king coin’s all time high.
Not long after, a biting and long-lasting bear market hit the crypto sector, causing prices to plunge seriously. In some cases, assets fell as much as 95%. As these assets fell, interest in them also waned and Google Trends data showed that people were not searching as much. However, this data began to regain some of its lost glory in 2019, during a market bull run.
In recent times, people all over the world have not only been searching “buy crypto” but also searching for information on “DeFi”. The data also shows that crypto enthusiasts are interested in Chainlink (LINK) which has been doing heavy numbers in recent times.
Also, “buy Bitcoin” searches spiked recently, around Bitcoin’s halving. After the event, interest waned. However, Google Trends data also shows that this interest has started picking up again.
Image Credits: Pixabay
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