According to the latest analytical data from Google reports, the searches for leading cryptocurrency Bitcoin has spiked over 33% in the past week.

Considered as a lagging indicator, Google searches usually tend to increase after a major market move instead of before. More generally, the same applies to social media moves. It can be said that Bitcoin’s recent $10,000 break past caught attention of many, increasing the Bitcoin searches by 33%.
<blockquote class="twitter-tweet">
33% wow <a href="https://t.co/FK2Tnw2wVP">pic.twitter.com/FK2Tnw2wVP</a>
— Hernz (@hernzzzzzz) <a href="https://twitter.com/hernzzzzzz/status/1226887890791100416?ref_src=twsrc%5Etfw">February 10, 2020</a></blockquote>
The spike in searches was mostly seen after<a href="https://www.cryptoknowmics.com/crypto/2020-halving-impulse-could-push-bitcoin-to-100000/"> Bitcoin</a> went past $10,000 price mark. It remains to be seen whether this spike can take the currency over $10,000. On Monday, the leading cryptocurrency broke down to 9,800 again.

The uptick is not only good news as the searches displays spikes in scams too. People are getting aware of crypto scams and searching for outright scams like Bitcoin doubler club, and Moon bitcoin live on Google. Searches for Bitcoin doubler club is spiked with 3,400% in the past week, where “moon bitcoin live” broke out on Google. As a result, the increasing Google searches for bitcoin is good news indeed but, unfortunately, the scams are a part of it.
<h2>Social Media Mentions A Significant Indicator For Bitcoin Prices</h2>
<blockquote class="twitter-tweet">
33% wow <a href="https://t.co/FK2Tnw2wVP">pic.twitter.com/FK2Tnw2wVP</a>
— Hernz (@hernzzzzzz) <a href="https://twitter.com/hernzzzzzz/status/1226887890791100416?ref_src=twsrc%5Etfw">February 10, 2020</a></blockquote>
All of this comes with the uptick in social media engagements regarding the cryptocurrency market. Even last month, according to the reports, the social media engagements were seen to spike significantly on cryptocurrency-related topics, mostly bitcoin. These metrics are considered as an essential indicator of Bitcoin’s and other cryptocurrency’s price. As per the studies, there are some connections between Bitcoin’s movements and social media mentions.

Yet, it is hard to know if the<a href="https://www.cryptoknowmics.com/crypto/about-14000-google-scholar-articles-focused-on-bitcoin/"> Google</a> searches for Bitcoin would keep on spiking or if Bitcoin would be able to crack the $10,000 price resistance. As Social media engagements and Google searches play an essential role, traders are required to keep an eye on it.

Bitcoin-Related Google Searches Increases Up To 33% In Past Week

Google reports that demand for Bitcoin is picking up with the leading cryptocurrency, Bitcoin-related searches increasing by 33% in the past week.

Javeria is into the crypto world ever since she heard about it and is pursuing her interest through cryptoknowmics. She is a sensational poet, technical writer and content strategist. Not to mention that she can go crazy when it comes to vampires and Wonder woman.

Bitcoin-Related Google Searches Increases Up To 33% In Past Week

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