The number of requests to Google for halving the Bitcoin miners award has doubled since the beginning of the year

According to the latest Google Trends data, the number of search queries about the halving of the miner rewardBitcoin has doubled since December.

Arcane Research Releases New Reportbased on data from the Google Trends search analytics resource, showing that the number of bitcoin halving searches has risen sharply since the end of last year. The number of searches has doubled since December and is approaching the highest level since the last half of the Bitcoin miners award halving in 2016.

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Arcane notes that the growing popularity of queries on Google can be considered a positive indicator of the growing interest in bitcoin from the general public. The report says:

The upcoming miner reward halvingBitcoin is causing increasing interest. Now there is confirmation that interest in this event is growing not only among active users of cryptocurrencies. ”

Number of Bitcoin search queries on Googlealmost always grows amid high-profile events in the industry. The last time a sharp jump in interest in Bitcoin was observed after the announcement of the Libra cryptocurrency.

The Arcane report also claims that there has been an increase in demand for bitcoin from institutional investors.

“Interest in bitcoin seems to be growing amonginstitutional investors. Last week, we reported a noticeable increase in the total amount of unrealized contracts for CME. Evidence has now emerged of a growing interest in BTC and Bakkt. ”

The report shows that the cryptocurrency moodthe market returns to the “neutral” mark, and the “fear and greed index” indicator fluctuates at the level of 50. Earlier in the middle of the month, Arcane Research reported that the volume of trading in the first cryptocurrency doubled along with the growth of the bitcoin exchange rate.

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