Google Trends: ‘Crypto Is Dead’ Reaches Historic Search Record – BeInCrypto

According to Google Trends, the analytics tool of the world’s largest search engine, the phrase “crypto is dead” has just reached a search record (value 100). Interestingly, this phenomenon is correlated with a significant increase in the search for the phrase “Bitcoin”, which has seen a strong rise from 19 to 51.

The past week witnessed historic events in the cryptocurrency space that could indeed lead investors to claim “crypto is dead”. For the first time ever, the price of Bitcoin (BTC) fell below the previous cycle peak of $20,000 back in December 2017.

Prior to that, BTC fell below historical support at its 200-week moving average in the $22,400 area. Moreover, the realized loss of BTC investors in the 6-day period from June 13 to 18 was $19.121 billion, reaching a new all-time high.

A wave of extremely bearish news also came from cryptocurrency lending, exchange, and servicing companies. The shock to the market was the collapse of the Terra (LUNA) ecosystem last month. Other…

Read Full Story: https://beincrypto.com/google-trends-crypto-is-dead-reaches-historic-search-record-2/

The post Google Trends: ‘Crypto Is Dead’ Reaches Historic Search Record – BeInCrypto first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/06/21/google-trends-crypto-is-dead-reaches-historic-search-record-beincrypto_2022062122173.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.