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Kansas Attorney General Successfully Returns Stolen Cryptocurrency
Previously, when the price of Bitcoin (BTC) fell below USD 60,000 in early September 2024, attention to Bitcoin seemed to fade, as reflected by Google Trends data.
Quoting News.bitcoin.com, Tuesday (3/9/2024) on January 1, 2024, Bitcoin searches were running smoothly with a score of 57 out of 100. But now, the score has dropped to 32. Although Bitcoin may still be following a bullish market cycle, retail enthusiasm seems to be starting to decline.
Looking at the Year to Date (YTD) statistics worldwide, Bitcoin searches on Google this week scored 32 out of 100. That figure marks a 43.85% decline from its position in the first week of 2024.
During the period from March 3-9, 2024, when the BTC price hit an all-time high above USD 73,000, Bitcoin searches achieved a perfect score of 100.
According to YTD data on Google Trends (GT), El Salvador is the country with the highest search interest for Bitcoin, with Nigeria, Switzerland, Austria, and the Netherlands following closely behind.
While the YTD metrics are somewhat positive, the broader five-year outlook across the globe, according to Google Trends metrics, is far less impressive.
For example, over the past five years, the last time interest reached a perfect 100 was during the week of May 16-22, 2021.
The decline in search interest, despite the Bitcoin market being considered to be continuing to strengthen, suggests a shift in public perception. While certain countries retain strong curiosity, broader, waning interest could indicate a maturing market or the need for a new catalyst to reignite widespread enthusiasm.
This lack of attention could be a sign of more restrained engagement from market players moving forward.
Kansas Attorney General Successfully Returns Stolen Cryptocurrency
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