While the debate on when the bull season in cryptocurrencies will come and whether the Fed will continue to raise interest rates continues, an interesting level has been reached in Google searches, one of the most controlled metrics in this sense.
The frequency of Bitcoin searches on Google has dropped to a 3-year low, returning to the pre-bull level in 2020. As it will be remembered, at this time in 2020, Bitcoin was hovering around 10 thousand dollars and the markets were in no way expecting a bull season.
Some experts even expected a new “March 12 crash” due to a second wave of coronavirus. However, PayPal’s crypto announcement in October and the events that followed led to a sharp rise in Bitcoin. In December 2020, the largest cryptocurrency reached its ATH after 2017 and broke record after record. Elon musk and Tesla’s Bitcoin moves and Coinbase’s IPO helped BTC reach $64,000.
The current value of 14 was last at this level in October 2020. In the week of May 16-22, 2021, when the Bitcoin price started to fall but serious crowds entered the system, the value was 100. It is also noteworthy that the level never reached 100 again.
