Raising the cost of capital always dampens economic growth and the attractiveness of stocks, at least in the short term. and Europe has been sparked by the emergency funding of the pandemic, and that’s spurring central banks to raise interest rates. According to Google Trends, a service that tracks the most popular combinations Google users are searching for ‘NFT’ more than everand crypto is not the most popular search on Google’s search engine anymore.
At the opposite end of the scale, Google Trends display ten states which are the least interested in. The 10 States Least Interested in Crypto in the US. Nevada follows with 617 and New York on third, scoring 602. California is the state that has the highest interest in crypto, with a score of 675. Google Trends assigns numerical values to represent search interest. The Top 10 Crypto-Obsessed States in the US. Read More The total crypto market volume over the last 24 hours is 72.53B, which makes a 52.97 increase. Bitcoin remains the most popular digital currency, but investors are searching for. Likewise, economic developments this year - the hangover - are taking their toll on stocks and crypto as investors curtail risk. The global crypto market cap is 911.38B, a 1.00 decrease over the last day. Simultaneously, the buy Bitcoin searches, which jumped prior to the 2020 halving and decreased immediately after, have increased since late July. vcrowvccolumnvcparagraph textThe Google Trends data analysis has shown an interesting and dynamic pattern that looks inspiring. Google trends data reveals that the number of buy crypto searches has exploded worldwide in the past few weeks to a two-year high. All this money sloshing around set the stage for a bull market in stocks and digital assets as investors bet big on risk. Google Trends: high interest in the crypto industry vcrowvccolumnvcparagraph text. In March 2020, Western governments flooded their economies with an unprecedented level of capital to address the Covid-19 pandemic and lockdowns. What we now know is economic forces that were supposed to leave crypto alone are shaping the market’s fortunes as surely as equities or bonds. The Top 10 Crypto-Obsessed States in the US. In the same period, the largest digital asset by market capitalization, Bitcoin (BTC) also recorded impressive trading volumes of 1.97 trillion. So is Google search data a contrarian signal? When sentiment gets this bad does that mean things are about to turn? Google Trends The trading volume of Ethereum (ETH) in May 2021 was approximately 1.51 trillion.
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