The search engine “Google” is an indicator that can be adopted to know the extent to which people are interested in digital currencies.

Recently, according to Google trends, the number of searches for “buy cryptocurrency” has spread all over the world, where in the past few weeks the highest level of searches was recorded, not recorded in two years.

Meanwhile, Google searches for “buy bitcoin” that jumped before the bitcoin mining reward halving and fell right after, have increased since late July.

The search for the phrase “buy cryptocurrency” hits its highest level:

According to Google Trends, searches for “buy cryptocurrency” reached an all-time high predictably with an increase in equivalent prices in late 2017 and early 2018.

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Since the crypto market was setting records, Google searches followed, and a record level of searches for “buy cryptocurrencies” was recorded.

But with all cryptocurrencies entering a year-long bear market, prices have fallen by 95% on some occasions, followed by Google searches where they also fell.

With the partial recovery of the crypto market in 2019, the searches also increased, calmly retreating after the crypto market calm.

While in the past few weeks, the trend reversed and records were set in searches for “buy cryptocurrencies” starting from July 26 until now.

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Record numbers of “buy cryptocurrency” searches can be attributed to several factors, primarily related to prices in this field.

Most altcoins have seen notable increases, with Chainlink leading the way to an all-time high for Google searches as a result of price developments.

Another sector that has seen a significant increase in popularity is decentralized finance (DeFi).

With the total closed value exceeding $6 billion, the value of the projects soared, and Google searches followed suit and recorded high levels of searches.

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Searches for “buy bitcoin” are back on the rise:

The number of “buy bitcoin” searches reached its highest point since April 2018, setting a new record just one week before the third split that occurred on May 11, 2020.

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It is possible to assume that the event was the main reason for the increase because searches decreased significantly soon after the process was completed.

Over the next few months, the bitcoin price was fairly stable without any major fluctuations in either direction.

Thus, interest in the currency declined until a few weeks ago.

When Bitcoin decided to follow the rest of the altcoins.

To begin, searches for “buy bitcoin” rise as well, coinciding with the records achieved by the price of bitcoin in 2020.

It should be noted that searches are very far from the highest level previously recorded in December 2017.

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