Search query ‘Should I sell my Bitcoin’ skyrockets on Google Trends

2021-5-24 15:28

Cryptocurrency-related search queries have surged in popularity to a new all-time over the past week—but not for positive reasons, according to Google.

“#cryptocurrency is at an all-time high for search interest, Worldwide,” Google Trends’ Twitter account reported on Thursday.

"What happened to cryptocurrency today” is up +850%, past day, Worldwide

"Should I sell my crypto” is up +400%, past day, US pic.twitter.com/97hThGzDd2

— GoogleTrends (@GoogleTrends) May 19, 2021

As CryptoSlate reported, the crypto market swiftly plunged deep into the red zone on May 19 as prices of most digital assets dropped by anywhere between 20% and 50% on average. The massive dip was largely attributed to several announcements coming from China, including a potential ban on institutions that deal in cryptocurrencies and a crackdown on Bitcoin mining.

According to Google Trends, an analytic tool that allows users to measure the frequency of various search queries, topics such as “What happened to cryptocurrency today” and “Should I sell my Bitcoin” (or “crypto” and “Bitcoin” in general) are currently showing a worldwide score of 100 on the “interest over time” chart—the highest value possible.

Fear and energy concerns

Interestingly, Bitcoin’s environmental impact—which has become a hot topic lately—is also extremely popular among Google users.

“Most energy-efficient cryptocurrency’ and ‘environmentally friendly cryptocurrency’ are breakout searches. ‘How does bitcoin use energy’ +1,050%, past week US,” Google Trends’ team noted.

Other queries such as “Bitcoin carbon footprint” (87 points), “crypto electricity” (100), or “mining power” (95) are also frequently searched for.

Today's Cryptocurrency Fear And Greed Index: 12

Ranking: Extreme Fear#Crypto #Bitcoin #Ethereum

— Crypto Fear And Greed Bot (@FearAndGreedBot) May 22, 2021

Meanwhile, the “Crypto Fear and Greed Index,” a metric that reflects currently dominating sentiments among crypto enthusiasts, has plunged into “extreme fear,” hovering around 12 points out of 100 today.

The index takes into account various aspects such as volatility, the market’s momentum and trading volumes, social media sentiments, trends, and so on. The metric scales from 0 (maximum “Fear”) to 100 (ultimate “Greed”).

Notably, today’s “crypto fear” is roughly on the same level as it was in March 2020—when Bitcoin collapsed to around $5,000 amid the global coronavirus outbreak.

The post Search query ‘Should I sell my Bitcoin’ skyrockets on Google Trends appeared first on CryptoSlate.

origin »

Helper Search Token (HSN) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0.0202512
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0202512 (-100%)

google search skyrockets trends query bitcoin should

Èñòî÷íèê: cryptoslate.com

google search → Ðåçóëüòàòîâ: 126


Ôîòî:

Study: Liberals love Overwatch, conservatives love CoD, and everyone loves Fortnite

A survey published this month suggests liberal gamers have a bit more interest in Overwatch and its like, while gamers in conservative areas are more interested in Call of Duty. The ValueGamers, a gaming research site, conducted the survey using Google Search data on the seven most popular esports games within each metro area of the United States.

2018-8-17 01:52


Ôîòî:

Crypto Scams, And The Scammers Who Scam The Stats

Bloomberg Research recently published a study from the Satis Group, an ICO advisory service, purporting to show that crypto is a minefield for bad investments. But not only was the reporting selective to the point of being misleading, some of the research itself was clearly gleaned from a cursory Google search – and it was dead […] The post Crypto Scams, And The Scammers Who Scam The Stats appeared first on Crypto Briefing.

2018-7-24 19:56


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years

Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.

Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.