Bitcoin(BTC) halving searches on Google is at its highest point ever
The excitement surrounding the imminent Bitcoin halving has resulted in a continuous spike in Google searches for the term.The level of interest in the ‘Bitcoin halving’ on Google has reached an all-time high, with anticipated figures putting it at more than double the previous halving in 2020.
According to Google Trends data, search interest for the keyword ‘Bitcoin halving’ has already hit a score of 45, and Google predicts it will reach a score of 100 by the end of this month. According to Google Trends, a rating of 100 represents “peak popularity” for the phrase. The halving is presently scheduled for roughly 4 a.m. UTC on April 20, according to the Cointelegraph countdown metre.
According to Google Trends, the Bitcoin halving drew the most interest from Nigeria, the Netherlands, Switzerland, and Cyprus. Record levels of interest in the halving event may not come as a surprise given Bitcoin’s stellar growth in recent months.
Bitcoin began the year at $42,200 and surged 74% to a new all-time high of $73,600 on May 13, according to CoinMarketCap data. Bitcoin’s price action has gradually slowed, trading persistently lower since mid-May. Bitcoin is currently trading at $61,078, down 17% from its all-time high. The historical patterns of Bitcoin price action suggest that Bitcoin could rally significantly in the months following the halving despite soaring sentiment among market participants.
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