Editor's PiCK
"Bitcoin-Ethereum Search Volume Hits Yearly High… Are Investors Returning?"
Summary
- Google's search volume for Bitcoin and Ethereum hit a yearly high, indicating a potential recovery in interest from general investors.
- In March, Bitcoin's search volume index was 34 points, a 26% increase from the previous month, marking the first rebound since November last year.
- Ethereum's search volume also reached a yearly high of 19 points, showing a slight increase, but it is still lower compared to the previous cycle's peak.
In March, Google's search volume for 'Bitcoin (BTC)' and Ethereum (ETH) reached its highest level this year, indicating a potential recovery in interest from general investors.
According to The Block on the 18th (local time), Bitcoin's Google search volume index in March recorded 34 points, the highest level this year. This is a 26% increase compared to the previous month (27 points) and marks the first rebound since November last year. Ethereum's search volume also increased. During the same period, Ethereum recorded 19 points, a slight increase from the previous month (16 points), setting a new high for the year.
The media outlet stated, "Compared to the previous cycle's peak, the search volume index for Bitcoin and Ethereum is still at a low level," but assessed it as "a signal that individual investors' interest is returning to the market."
Meanwhile, Bitcoin's search volume index peak (100 points) was recorded in December 2017. Ethereum reached its peak in May 2021.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
