Global Bitcoin searches have been declining for months. However, there is only a slight correlation to the price development.
Global Bitcoin search queries are at their lowest level since December 2020, according to Google Trends.
Accordingly, queries have slumped 76 percent since May 2021.
One reason is likely to be the tired performance of the cryptocurrency in recent weeks.
However, as can be seen from Google Trends, there is only a low correlation to the price development.
In November 2021, search queries were only slightly above the current level – despite Bitcoin’s record high.
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