Google searches for Bitcoin hit new yearly low
As reported by U.Today, the leading cryptocurrency is now on track to record its longest cycle of sideways trading during a halving year.
After hitting its current all-time high of roughly $74,000 in March, the leading cryptocurrency has so far failed to stage another significant rally.'Black Swan' Author Names AI 'Probably Best Investment' of Near Future The Bitcoin halving event, which took place in April, managed to attract a great deal of search interest, surpassing the previous peak for this term that was recorded in May 2020. Since then, however, Bitcoin has not had another major catalyst that could revive search interest.Bitcoin has experienced several bouts of volatility, collapsing below the $51,000 level in early August. However, it has so far failed to generate enough excitement to attract the general public.
DonAlt, one of the most popular pseudonymous cryptocurrency traders, recently opined that the leading cryptocurrency by market cap could finally escape"endless chop" if it were to reclaim the make-it-or-break-it $65,000 level.In the meantime, the Google search volume for meme cryptocurrencies is expected to reach a new record high this week. For now, this burgeoning sector of the cryptocurrency market appears to be stealing the spotlight.
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