Data and statistics from Google Trends, Twitter and Baidu show that despite the recent decline in cryptocurrency prices, people are looking to buy Bitcoin.

During a week that can be described as “carnage week,” most cryptocurrencies fell to record levels.

Cryptocurrency exchanges recorded large numbers, increased activity in traffic records, and witnessed large trading volumes, including the Coinbase platform.

Likewise, trading platform Kraken saw an 83% increase in account registrations during the low market catastrophe.

As the price of cryptocurrency drops, Coinbase and Kraken have noticed an increase in traffic, trading volume, and subscriptions.

While the low crypto prices suggest that most investors in the crypto market will sell their coins for cash.

Read:China’s Crypto Ban Made Bitcoin Stronger According to Edward Snowden

But statistics show that people are actually interested in buying bitcoin after selling off other digital assets amid the market downturn.

for example, stated Financial columnist Michael Del Castillo recently reported on how the San Francisco-based platform Kraken saw an influx of new registrations last week.

According to the report, Kraken saw an 83% increase in registrations during the week following March 12.

Kraken wasn’t the only platform that reaped the benefits as cryptocurrency exchanges around the world saw higher trading volumes and higher registrations.

Normally, crypto exchange volumes increase during an uptrend but when the price slips, the volumes usually follow the downtrend.

But with the recent drop recorded, it seems that the opposite has happened, as even with the decrease in the price, the trading volume increased.

on March 20, Spread Journalists Danny Nelson and Nikhilesh D report on Coinbase and how it recorded massive traffic during the week of market repercussions and how the platform handled huge trading volume.

Coinbase founder Brian Armstrong explained last Friday:

Our hard work contributed to our stability last week, while many crypto and traditional stock exchanges struggled with increased trading volume.

Read:Is Binance in trouble? And how will you face regulatory measures against it at the global level?

According to Coinbase, the exchange processed up to $2 billion in crypto transactions in 48 hours.

The increased traffic and volume also came at a time when Coinbase employees were working remotely from home.

Jesse Pollack, head of engineering at Coinbase, explained that the platform has been preparing for such a busy week since crypto hits record highs in 2017.

In the sense that the pre-preparation of the platform benefited it in this sudden circumstance.

The search for “buy bitcoin” on “Baidu”, “Google Trends” and “Twitter” continues to rise:

Exchange platform data shows that there has been an increase in traffic and registration, and popular search engines such as Baidu and Google are showing great interest in the term “buy bitcoin.”

On Saturday, a researcher from Shenliancaijing published a study showing that searches for the terms “bitcoin” and “buy bitcoin” rose by 183%.

The Shenliancaijing report also notes that Baidu data shows that searches for the terms “blockchain” and “Ethereum” have risen significantly.

Searches for “bitcoin” and “buy bitcoin” on Google swelled, as searches for the term “bitcoin” jumped from 29 to 56 on Google Trends.

Read:Bitcoin is fighting to climb to the level of 50 thousand dollars … Find out what Bitcoin needs to break this level

The level of interest between the terms “buy bitcoin” and “sell bitcoin” shows a significant difference with “buy bitcoin” rising significantly above the search for the term “sell.”

The term “buy bitcoin” on Twitter is also trending higher than usual.

A large number of crypto proponents are tweeting that it is the perfect time to buy.

I feel the Fed should just buy a trillion dollars # bitcoin.

It makes more sense than it is about to happen.

– Adam Draper 🛸 🌊 (AdamDraper) March 21, 2020

After the crypto market carnage, digital currencies like Bitcoin are still making a big splash during the economic storm that has rocked almost every financial market.

Recently, the crypto market has shown a correlation with traditional money markets.

Central bankers, politicians, people like Peter Schiff, Nouriel Roubini, Warren Buffett, Jimmy Dimon and many others have said for years that Bitcoin is one of the riskiest assets and will be the first to die.

Unfortunately for them, their opinions don’t matter, and economic difficulties are causing people to look closely at Bitcoin and the digital asset economy.

The crisis may make people understand the value of Bitcoin more than ever, as people search for a decentralized electronic cash system to shield them from the evil of the crisis.

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