Based on the analysis from Google Trends, which examines trending search topics, inquiries about purchasing cryptocurrency have recently hit an all-time high.
Searches on Google for ‘buying cryptocurrency’ have reached a record peak after four years.”
“For the first time in four years, searches about buying cryptocurrency have hit an all-time high.”
“Interest in buying crypto has surged to new heights after a gap of four years.”
“There’s been a spike in Google searches about purchasing cryptocurrencies, marking the first time this has happened in four years.”
“The number of people searching for ways to buy cryptocurrency on Google has reached an all-time high after a gap of four years.”
“Intrigue around buying cryptocurrencies has skyrocketed, with Google searches hitting their highest point in the last four years.”
“Google queries about purchasing cryptocurrency have reached an unprecedented level, having not been seen for the past four years.”
“The search for ‘how to buy crypto’ on Google is at its peak after a gap of four years.”
“After a four-year hiatus, interest in buying cryptocurrency has soared, with Google searches reaching an all-time high.”
“Google searches about purchasing cryptocurrencies have reached an all-time high for the first time in four years.
— The DeFi Investor 🔎 (@TheDeFinvestor) January 20, 2025
Lately, the last search returned a value of 100, indicating that the interest level has hit an all-time high.
It appears that retail investors have developed a stronger interest in cryptocurrency than they did during May 2021, a time when the market was experiencing a craze surrounding Non-Fungible Tokens (NFTs).
The present search activity significantly surpasses the highest level previously seen, which occurred shortly after the approval of spot Bitcoin ETFs in early 2024.
It’s no wonder there’s an increase in searches about cryptocurrencies, considering that Bitcoin, the top digital currency by market value, recently hit a record peak of $108,786.
Additionally, notable cryptocurrencies such as Solana (SOL) and the XRP token tied to Ripple have experienced substantial growth, jumping up approximately 45% and 38% in value respectively.
Last week, the contentious XRP digital currency outshone Bitcoin in terms of search popularity on Google. For the first time in seven years, the Ripple-associated token attained a fresh record high.
On Sunday, Solana nearly surpassed Bitcoin’s position. Notably, there were five times as many searches for Solana compared to Bitcoin that day.
As retail investors boost cryptocurrency costs, their enthusiasm might indicate an increase in market bubble. This could potentially hint at approaching price instability.
The current total value of all outstanding Bitcoin contracts is approximately $71 billion, representing a nearly 4% rise compared to just one hour earlier.
Over the last day, CoinGlass reports that a total value exceeding 1 billion dollars’ worth of cryptocurrency has been sold off.
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2025-01-20 19:28