Buy Bitcoin – Great search on Google Trends

Data provided by exchanges and statistics from Google Trends and Twitter show that, despite the recent drop in prices, people are trying to buy Bitcoin. Specifically, the number of new accounts on crypto platforms is increasing. Exchanges are growing volumes, and Google Trends shows that searches for “buy Bitcoin” have increased. Similar trends are also reported by the Baidu search engine.

Increasing searches for “buy Bitcoin”

Researcher Shenliancaijing points out that popular search engines such as Baidu and Google have increased by 183% in searches for the terms “bitcoin” and “buy bitcoin”.

Shenliancaijing’s report notes that Baidu index data also indicate searches for the growing blockchain and ethereum. Searches for “bitcoin” and “buy bitcoin” also increased on Google. The term “bitcoin” has jumped from an interest level of about 29 to 56 in Google Trends. The phrase “buy bitcoin” has been much more sought after than “sell bitcoin”.

The term “buy bitcoin” on Twitter it was also used more than usual. A significant number of crypto-enthusiasts have commented that this is the perfect time to buy.

The Bitcoin price is currently trading at around $ 6,600.

Increasing traffic and transactions on exchanges

In the week when cryptocurrency prices fell, Coinbase recorded massive traffic. It also recorded considerable volumes of transactions. According to Bitcointradevolume, Coinbase processed $ 2 billion worth of transactions in 48 hours after March 12.

Similarly, the Kraken platform also registered an 83% increase in new account registrations.

The fall in cryptocurrency prices could have led to massive sales. Apparently, statistics show that people are actually more interested in buying bitcoin against the backdrop of the market decline.

Concerned about the stimulating effects of the economy implemented by central banks, cryptocurrencies such as BTC are an alternative for those worried about the future of their economies.