Benzinga - Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other cryptocurrencies have seen a surge in global interest, reaching their apex in October, as per Google Trends data.
What Happened: Bitcoin.com reported that the terms “crypto,” “bitcoin,” and “ethereum” experienced a significant rise in popularity on Google on November 12. According to the data, the term “crypto” managed to score a peak of 100 on October 30. Nonetheless, by November 11, the score had plunged to a steady 58.
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The majority of searches for “crypto” originated from St. Helena and Nigeria, trailed by the Netherlands. Trinidad and Tobago and Cyprus, too, displayed substantial interest. The search term “bitcoin” maintained a score above 34 throughout 90 days, peaking at 100 on October 24 and eventually falling to 52 by November 11. Nigeria led the worldwide regions in “bitcoin” searches, with El Salvador following closely.
The term “Ethereum” also saw steady interest above 31, reaching a peak of 100 on October 30 and currently holding a score of 55. Searches for “ethereum” were predominantly from St. Helena and Slovenia, followed by Switzerland, Austria, and Singapore.
Why It Matters: This surge can be attributed to many factors, including increased awareness, wider acceptance, and growing investments in the crypto market.
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