The number of requests for cryptocurrencies in Google had fallen to the level of October

According to Google Trends, the number of search query «bitcoin» and «Ethereum» in Google recently dropped significantly, by 75% (from 100 pips to 25).

The number of queries about bitcoin, in particular, began to decline in December, and now are on the same level as in October-November. Similar story with Ethereum. While he was able to restore a high level of interest in January after falling in December, it decreased to about 25 points and stayed at the same level as in November.

Changed the geography of the queries: if before most of them came from African countries, now it is countries with more advanced economies – Singapore, Macao, the Netherlands, Australia and South Africa.

Google searches are not considered to be a leading indicator, so I can’t say for sure if the price drop cryptocurrency decline in interest in them or Vice versa. Although the relationship between these two indicators is obvious.

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