Weekly search volume on the
world’s biggest search engine for “cryptocurrency” has hit a new all-time
high both in the U.S. and worldwide, according to data shared by Google
Trends’ official Twitter account.
Search volume for
cryptocurrency peaked when the price of bitcoin started dropping from a
$57,000 high and included searches related to “what happened to
cryptocurrency today” and “should I sell my crypto.”
Behind the increasing search
interest was the crypto market crash seen earlier this week, with Bitcoin
plunging to $32,000 before recovering to $39,000, and Ethereum dropping from
a $4,300 all-time high down to $1,900.
Cryptocurrency prices started
dropping shortly after Tesla CEO Elon Musk revealed that the electric car
maker would no longer accept bitcoin payments over environmental
concerns.
