Altcoin News: The Number of Search Queries with the Word “Bitcoin” Has Tripled

April 5, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to Google Trends, the number of search queries with the word “bitcoin” has tripled after a sharp jump in the price of the first cryptocurrency was recorded at the beginning of the week.

According to Google Trends, the largest number of requests were made from Nigeria, the Netherlands, South Africa, Austria, and Switzerland. In the United States, information about Bitcoin was most often sought in California, Washington, Nevada, New York, and Colorado.

Recall that on the morning of April 2, the first cryptocurrency rate showed the strongest growth this year and reached $ 5,000.

Speaking about a possible catalyst for a surge in the price of Bitcoin, analyst Tony Weiss (Tony Vays) said that such growth does not always have a driving force, that it may just be speculation and that “bitcoin is no different from any other asset.”

At the same time, the general director of the cryptocurrency company BCB Group said that the rise in Bitcoin was due to the purchases of one investor, who simultaneously distributed $100 million to three major exchanges.

The last time a significant increase in search queries for the word “bitcoin” was recorded in November last year. Then such an increase in the number of search queries served as a reduction in the price of Bitcoin, which as a result fell below $4,000.

Author: Marko Vidrih

Image via Google Trends