Interest in Bitcoin Began To Decline

Interest in Bitcoin began to decline. Bitcoin searches worldwide have dropped, according to data from Google Trends.

Latest data from Google's search trends shows a decrease in Bitcoin, the leading cryptocurrency among other cryptocurrencies. According to the said data; Individual interest in Bitcoin and other major cryptocurrencies is falling. Bitcoin search trend worldwide according to Google Trends data; For the week of April 17-April 23, it decreased to mid-2020 levels with a rate of 17 percent. Most of the calls are from Nigeria. Nigeria is followed by El Salvador and Austria. KuCoin CEO Johnny Lyu stated that with the rise of the investment threshold in Bitcoin for new users, users are starting to find many new cryptocurrencies known as altcoins more attractive. EVODeFi General Manager Egor Volotkovich also emphasized that DeFi and NFT have a growing interest. On the other hand, Vasja Zupan, President of the crypto exchange Matrix, said: “Google Trends does not reflect corporate and professional interest, and I believe current prices reflect the interest of these groups and enter the market more than pure retail.”