The latest crypto surge has animated the crypto community in ways last seen back in 2017. The surge which has largely been led by the largest crypto-currency by market cap Bitcoin has many enthusiasts thinking if this trend will last or not.
As soon as Bitcoin hit $5,000, the search volume for Bitcoin as a keyword on Google and Baidu search engines has skyrocketed to the highest level. Bitcoin may not be fully out of the bear market yet, but this is an indication for market enthusiasts that better days may indeed be ahead.
Hot on Baidu
Bitcoin reportedly is the hottest crypto on Baidu, a Chinese search engine and the world’s ninth largest internet company by revenue. Cnledger reported on April 4th that Bitcoin topped the keyword search on the search engine.
This development is quite interesting, bearing in mind that china was among the first countries to impose severe regulations on crypto-nevertheless it has recently approved 197 firms to serve blockchain solutions noting that Alibaba and Baidu are among the 197 approved firms.
Baidu is famously referred to as ‘China’s Google’ and according to searches, it’s quite clear that surge in Bitcoin prices is influencing a lot of interest around the crypto-currency.
Bitcoin on Google
Besides Baidu, Bitcoin search on Google has also peaked with the search for the keyword reaching increasing each day. As per the Google tend report analyzed by Coingape for the period Jan 01 to April 5 2019 the search for “Bitcoin” has been on a steady rise.
The latest surge obviously led to a heightened increase in Bitcoin from the masses across the world. The graph took an upward turn since the 1st of April when the price of Bitcoin moved from $4,900 and $5,000 against the US dollar. The countries in the world where an interest in Bitcoin has been reignited in the past 4 months is Nigeria, Ghana, South Korea, St Helena, and Netherlands.
The current Bitcoin rally is still ongoing with today’s value up 1% compared to yesterday’s closing. Bitcoin is currently trading at $5024 against the US dollar and gaining momentum in terms of market capitalization as well which counts at $88,584,361,167.
The surge in crypto prices being met by a surge in Bitcoin search hits is not a surprising thing, since cryptos have been known to rock public opinion and be the subject of immense interest since the last Bull period of 2017. It will be interesting to see if this latest surge holds true or not.
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