Bitcoin Performance and Google Search Activity
The correlation between Bitcoin’s performance and Google Search activity used to be high in previous years, however, it has drastically changed in 2021, when the number of search queries began to rise despite the falling price. Currently, there is no obvious correlation between these indicators. Moreover, sometimes it is possible to observe an inverse correlation, when Google Trends interest spikes during BTC price fall. Recently, the popularity of “Bitcoin” query in Google has reached the lowest level since December 2020, the beginning of the bullrun.