Google search for ‘Bitcoin Coronavirus’ Surpasses ‘Bitcoin Halving’
Google searches for “bitcoin coronavirus” has surpassed that of “bitcoin halving”, as per the data provided by Google Trends.
The rare search term continues to record huge traffic, primarily from Europe.
A study indicates that Austria, Ireland and Switzerland are the three provinces that generate maximum searches for “bitcoin coronavirus.”
There is also considerable traffic generation for the aforesaid words from Singapore, Germany, Australia, and Canada.
Interestingly, the US ranks 13th in the list countries generating search volumes for the aforesaid words.
Queries related to Bitcoin’s forthcoming halving are considerably higher than questions related to Ethereum’s (ETH) upcoming ETH 2.0 upgrade.
In comparison to the previous Bitcoin halving event, this time around, search traffic for the term “Bitcoin halving” has been increasing consistently for the past several months, indicating that the market would have priced the event better this time.
Nevertheless, sharp increases in search for “Bitcoin halving” do not seem to equate with volatilities in the number of searches for “buy Bitcoin”.
By taking a glance at the top five altcoins [Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC) and Bitcoin SV (BSV)] by market cap, it can be concluded that search traffic volume is very much related to the position of a cryptocurrency on the basis of its market cap.
The only crypto with an exception to this pattern is “Litecoin”, which continues to rake in more searches than “Bitcoin Cash.” Nevertheless, search traffic volume of “Bitcoin” outclasses all other altcoins.