The latest data reveals that Google search traffic for cryptocurrency has decreased to low points of the past five years.
As per the latest data from Google Trends, the organic search traffic for Cryptocurrency keyword has hit its lowest since the last 5 years which indicates that people are now searching the term less than the past couple of years.
The chart suggests that the search traffic started to spike through late 2020 which peaked in May, 2021 and again in November 2021. The year 2021 is considered to be the most lucrative for the crypto industry with several historical events taking place during the same time.
However, the to-be understood synonym of cryptocurrency, Bitcoin has maintained its search traffic in a level slightly higher compared to its 2018-19 period.
The decrease in search traffic is also correlated to the market momentum as the data shows that traffic increases when the market is bullish and asset prices are increasing. Similarly, the traffic shrinks in the bearish market condition
In order to predict future sentiments, the crypto community closely monitors numerous indicators including search traffic that essentially represents people’s interest into the market.
Also Read: G20 Countries Receive Blueprint on Regulation of Crypto Assets
