Bitcoin halving searches on Google is at its highest point ever

The Big Whale

— 1 min read
  • Google Trends shows record interest in Bitcoin halving
  • Search interest score predicted to double from 2020
  • Bitcoin halving reduces block rewards from 6.25 BTC to 3.125 BTC
  • Bitcoin price hit all-time high of $73,600 in May

Summary : Google search interest in the upcoming Bitcoin halving has reached its highest level ever, with predictions indicating it will be more than double the interest seen during the last halving in 2020. Currently, the search interest for "Bitcoin halving" has a score of 45, according to Google Trends data, and it is expected to reach a score of 100 by the end of this month, which signifies "peak popularity" for the term. The Bitcoin halving refers to the reduction in rewards paid to miners, and this year it will decrease from 6.25 BTC to 3.125 BTC. The event is scheduled to occur around 4am UTC on April 20. Nigeria, Netherlands, Switzerland, and Cyprus have shown the highest levels of interest in the halving, and this surge in interest is not surprising given Bitcoin's impressive performance in recent months. Despite a recent decline in price, market commentators believe that historical patterns suggest Bitcoin could rally significantly in the months following the halving.
Original article by CoinTelegraph (published on Apr 18, 2024, 1:20 AM).

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