(CryptoPotato) Retail interest in the world’s biggest cryptocurrency seems to be waning as the global Google searches for Bitcoin have plunged to yearly lows, as NFT queries soar to a new all-time high.
Google searches are a good measure of the preferences and behavior of retail investors. The number of queries on Google usually comes after price fluctuations of volatile digital assets and bitcoin.
But there are exceptions. Google searches peaked at a yearly high in mid-May when Bitcoin soared to $65,000 and when Elon Musk highlighted his energy consumption worries.
The subsequent price drop was followed by a decrease of the searches before they started rising during the late October rally and the launch of the first-ever futures Bitcoin ETF in the US.
Today, the queries have plunged to their lowest position this year after BTC’s lack of success in reclaiming the $50,000 mark.
BTC USD down -0.11%.
