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While Bitcoin, non-fungible token (NFT) assets, Ethereum and cryptocurrencies have had an incredible year in 2021, none of these trends made it into Google’s “Year of Search” review. Currently, interest in Bitcoin has dropped significantly in terms of Google searches since the week of May 16-22 last year. The search trend for the term “bitcoin” dropped 72% from a top score of 100 last May to 28 today.
Global search queries for ‘bitcoin’, ‘ethereum’ and ‘cryptocurrency’ continue to decline
According to Google search trends, interest in Bitcoin, NFTs, cryptocurrencies and Ethereum has waned. Essentially, the Google Trends page analyzes the popularity of top search queries globally and regionally, and scores specific terms and phrases based on the number of searches.
Last year, crypto assets like Bitcoin and Ethereum During these specific time frames, prices have reached all-time highs and interest has grown considerably. Typically, Google Trends shows an increase in global inquiries when prices reach new heights, and the opposite happens when prices drop.
The indicator shows that the term “Bitcoin” reached a high of 100 during the week of May 16-22, 2021. The search query “bitcoin” was also high in January and February 2021, remaining above 75 points.
Today, the score is 72% lower than the statistic recorded in May, as the word “Bitcoin” currently has a score of 28. search query”Ethereum“Today’s score of 8 is 68% below the 2021 high of 25. Terminology”cryptocurrency” scored a 3 on January 7, 2022, but reached a high of 12 in May.
The search query “NFT” hits 100 this week, the search phrase “how to sell bitcoin” drops while “how to sell ethereum” increases
The shortening period for non-fungible tokens “NFTs” just peaked at 100 this week, according to Google Trends statistics on Friday. In the first week of January 2021, the search query for “NFT” received only 1 point. The search trend for “NFT” grew slowly in the first six months, but in late 2021 and into the new year, it started to jump well above its current all-time high.
Despite the recent decline in global cryptocurrency market valuations across the crypto-economy, the use of “How to sell bitcoin” had a score of 12 on Friday. That’s 88% below the high of last year’s Google Trends “How to Sell Bitcoin” for the week of February 14-20.
That week, the phrase “how to sell bitcoin” reached 100 queries, while “How to sell Ethereum” score of 12. Interest in the phrase “How to sell Ethereum” has increased to 15 today.
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What do you think of the current trends in searches for terms like “Bitcoin”, “Ethereum” and “NFT”? Please tell us your thoughts on this topic in the comments section below.
Jamie Redman
Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles about destructive protocols emerging today for Bitcoin.com News.
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