Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira Interest in the phrase “how to sell ethereum” has increased to a score of 15 today.
#GOOGLE TRENDS BITCOIN HOW TO#
That week, the query for the phrase “how to sell bitcoin” reached 100, while “ how to sell ethereum” scored a 12. Google Trends screenshot taken on January 7, 2022. That’s 88% lower than Google Trend’s “how to sell bitcoin” high during the week of February 14th through the 20th of last year. While the global cryptocurrency market valuation of the entire crypto-economy has dropped in recent times, searches using the phrase “ how to sell bitcoin” are low with a score of 12 on Friday. Google Trends score for the term “NFT.” Screenshot taken on January 7, 2022. The search trend for “NFT” grew slowly during the first six months, but at the end of 2021 and into the new year, it’s jumped considerably to its current all-time high. During the first week of January 2021, the search query “NFT” only had a score of 1. The shortened term for non-fungible token “NFT” has just peaked at 100 this week, according to Google Trends statistics on Friday. Search Query ‘NFT’ Taps 100 This Week, Search Phrase ‘How to Sell Bitcoin’ Dips, While ‘How to Sell Ethereum’ Increases The term “ cryptocurrency” has a score of 3 on January 7, 2022, but in May it reached a high of 12. The search query “ ethereum” has a score of 8 today which is 68% lower than its highest 2021 score of 25 points. Today, the score is 72% lower than the stats recorded in May as the term “bitcoin” currently has a score of 28. The search query “bitcoin” was also high in January and February 2021, holding above 75 points. Metrics show that the term “ bitcoin” saw a high of 100 on the week of May 16th through the 22nd, 2021. Google Trends scores for the terms “bitcoin,” “ethereum,” and “cryptocurrency.” Screenshot taken on January 7, 2022. Typically, when the price reaches new heights, Google Trends shows that queries worldwide increase and the opposite happens when the price sinks. Last year, crypto-assets like BTC and ETH reached all-time price highs and interest increased a great deal during those specific time frames. Essentially, the web page Google Trends analyzes the popularity of top search queries worldwide and regionally and it scores specific terms and phrases by the number of searches. Interest in bitcoin, NFTs, cryptocurrency and ethereum has waned according to Google search trends. Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and ‘Cryptocurrency’ Continue to Slide Search trends for the term “bitcoin” have slid 72% since it scored the highest score of 100 last May to today’s score of 28. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Thus, the sentiment analysis based on the Google searches could be useful for the internet based market of cryptocurrencies and further study for on this direction should be done.While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. The empirical evidence shows that only the Google index which reveals the users’ intention to buy a cryptocurrency could be a useful and statistically significant factor for the crypto performance. Moreover, we generate two additional indices based on Google searches that reveal the users’ intention to buy and intention to sell cryptocurrencies.
Using Google trends indices, we test the impact of COVID-19 fear to the performance of the cryptocurrencies, and the empirical evidence show that when the health risk increases the BTC, BNB and ADA prices fall (and vice versa). We investigate Bitcoin (BTC), Ethereum (ETH), Binance (BNB) and Cardano (ADA) during the period.
This paper examines the performance of the most popular and highly capitalized cryptocurrencies during the COVID-19 era under a sentiment analysis view.
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