bullish

Chair

Bitcoin

Bitcoin Interest

<p>Google searches for Bitcoin have surged significantly as the cryptocurrency’s price hit yet another record high above $80,000 today.</p>
<p>This surge in interest reflects growing global attention as Bitcoin continues to gain traction among retail and institutional investors alike.</p>
<figure id="attachment_370104" aria-describedby="caption-attachment-370104" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-370104" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947.jpg" alt="Bitcoin Searches on Google" width="1122" height="567" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947.jpg 1122w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947-300x152.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947-1024x517.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947-768x388.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-11-154947-50x25.jpg 50w" sizes="(max-width: 1122px) 100vw, 1122px"></a>
 <figcaption id="caption-attachment-370104" class="wp-caption-text">
  Bitcoin Searches on Google
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<h2 id="trump-s-win-boosts-bitcoin-interest">Trump’s Win Boosts Bitcoin Interest</h2>
<p>It is important to note that cryptocurrency interest has soared after Donald Trump’s victory in the US presidential election. His victory <a href="https://cryptopotato.com/bitcoin-in-euphoria-zone-hits-ath-of-81800-after-14000-weekly-gain/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">triggered</a> a huge rally in Bitcoin and the rest of the market as his campaign pledged support for the sector. Once a skeptic, Trump <a href="https://cryptopotato.com/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">outlined</a> several crypto-related policies in his campaign, including plans for a national Bitcoin reserve and a commitment to end the war on crypto regulation.</p>
<p>While this proposed Bitcoin reserve would require legislation, likely pushing its realization to 2025, the community sees a clear path for BTC to become a treasury asset embraced by corporations, governments, and major institutions.</p>
<p>As such, experts point to the spike in search queries and inflows as signs of a fresh wave of retail investor interest and an influx of new participants in the market.</p>
<h2 id="state-of-euphoria">‘State of Euphoria’</h2>
<p>Interestingly, Bitcoin’s impressive rise is unfolding with minimal volatility impact, as heavy profit-taking on long call options has dampened any significant reaction. According to QCP Capital’s latest <a href="https://t.me/QCPbroadcast/1359" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">update</a>, this restrained volatility suggests that the market was already well-prepared for this bullish momentum. With Bitcoin breaking out of its multi-month range and clearing key resistance levels, the market is in a “euphoric” phase.</p>
<p>Perpetual funding rates are notably high, and basis yields have reached a peak last seen seven months ago, indicating strong bullish sentiment. However, QCP remains cautiously optimistic, noting the risk of short-term pullbacks, especially from potential leveraged washouts. Historically, these sharp increases in basis yields have been short-lived.</p>
<p>Meanwhile, the crypto trading firm expects spot prices to consolidate around current levels in the near term and for volatility to ease as markets await<a href="https://cryptopotato.com/3-things-that-could-move-markets-with-big-inflation-reports-due-this-week/" data-wpel-link="internal" rel="noopener noreferrer nofollow"> key macro events this week</a>, including US CPI on Wednesday, PPI on Thursday, and Fed Chair Jerome Powell’s speech on Friday, which could provide more insight into the likelihood of a December rate cut.</p>
<p>The post <a href="https://cryptopotato.com/google-searches-for-bitcoin-surge-amid-btcs-record-breaking-price-milestone/" rel="noopener noreferrer nofollow">Google Searches for Bitcoin Surge Amid BTC’s Record-Breaking Price Milestone</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Google Searches for Bitcoin Surge Amid BTC’s Record-Breaking Price Milestone

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