Bitcoin (BTC) has gained 30% in a week and topped out at $23,777 on Dec. 16 — but hardly anyone in the world knows yet, data suggests. According to charts tracking public awareness of what Bitcoin has done recently, interest is still a fraction of what it was during its run to previous all-time highs exactly three years ago in 2017. Twitter sleeping on BTC Outside "CT" Anyone who regularly reads crypto Twitter, also known informally as "CT," may have the impression that the entire social network revolves around Bitcoin price action in 2020. This is not the case, however, …
Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. What is the similarity between Bitcoin and Google? The similarity between Bitcoin and Google that Zschaepitz pointed out is that both have dominance in their respective sectors. Bitcoin has the strongest network effect in the cryptocurrency market, accounting for more than 51% of the global …
Bitcoin (BTC) price extended its rally toward a new all-time high on Nov. 25 as the price surged to $19,412 in the morning trading session. Determining the actual all-time high for BTC is somewhat debatable, as various exchanges have different figures listed. For example, Coinbase has registered $19,892 as Bitcoin’s peak, whereas BitMEX and Binance have $19,891 and $19,799 respectively. Thus, for most traders, $20,000 is likely to be the primary focal point that will solidify BTC reaching a new all-time high. Pushing through the $19,000 level occurred quicker than many expected, especially after Bitcoin price plummeted to $18,000 in …
Bitcoin (BTC) benefiting from the Iran crisis has captured the imagination of internet users worldwide, with its Google search popularity up almost 5,000%. According to data from Google Trends, the search term “Bitcoin Iran” surged 4,450% in the seven days to Jan. 8. Bitcoin search popularity follows price The term “Bitcoin” itself also saw a significant uptick around the globe, reaching a normalized score of 100 on Wednesday versus 40 a week ago. Nigeria topped the list for both terms’ most frequent country of origin. Canada, Singapore and the United States also generated significant interest for “Bitcoin Iran.” 7-day search …
Bitcoin (BTC) hitting $10,000 catapulted it back into mainstream consciousness — but internet consumers were paying attention before, data shows. Statistics from monitoring resource Bitinfocharts reveal that in early February, mentions of Bitcoin on Twitter alone spiked to two-year highs. 75,000 Bitcoin tweets per day At the time, BTC/USD traded at around $9,400, having reached its highest level since September 2019 several days previously. Tweets including Bitcoin reached 75,000 on Feb. 2, a huge contrast to standard behavior and the most since early 2018, as markets digested Bitcoin’s precipitous fall from all-time highs of $20,000. Subsequent days saw considerably fewer …