It seems that the depreciation of the largest cryptocurrency was exactly the factor that was necessary for the revival of interest in it among the General public.
As evidenced by Google Trends data, the number of search queries mentioning bitcoin in recent weeks has continued to grow rapidly and has already reached the levels last seen in April.
It should be noted that this is still substantially less than in December. If the level of interest for the week 17 – 23 Dec corresponds to 100 points on the scale of Google Trends, this is only 15.
There is also interest in “bitcoin has fallen,” which is now even closer to the levels of February.
It is curious that the interest in Bitcoin Cash reached the maximum recent levels of November 15, that is, on the day his hard fork, then began to decline rapidly – just like the price of cryptocurrency.
Previously, it was also observed that the volatility that came into the market of bitcoin after several months of relative stability, has a positive impact on the trading volume of bitcoin exchanges, which, however, cannot be said about the hash rate of the network, which on the background of recent events for the first time this year, began to decline.
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