Search queries for 'Buy Bitcoin' on Google surge 826% in the UK - Web 3.0
‘Buy Bitcoin’ search queries on Google surge 826% in the UK

Crypto Rally and Global Searches for Bitcoin

As the crypto market is experiencing a major rally, “buy Bitcoin” searches have surged worldwide with the U.K. showing an increase of 826% in the last week, according to Cryptogambling.tv.

The research from Cryptogambling.tv revealed that not only U.K. users, but also web users around the world are showing interest in purchasing Bitcoin, indicating the potential impact of traditional financial institutions on the digital assets market.

The spokesperson from Cryptogambling.tv commented: “The remarkable surge in ‘buy Bitcoin’ searches in the UK, combined with the cryptocurrency’s resurgence, underscores the growing interest and potential impact of traditional financial institutions’ involvement in the world of web 3.0 and web 1.0 vs 2.0 vs 3.0.”

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Google Trends data shows that searches from US users asking “should I buy Bitcoin now?” have increased by over 250% in the past week, while more specialized queries such as “can I buy Bitcoin on Fidelity?” have risen by over 3,100%. On a global level, the search term “Is it a good time to buy Bitcoin?” has seen a 110% surge. Additionally, the search for “BlackRock Bitcoin ETF” has grown by 250%, indicating a heightened interest in BlackRock’s Bitcoin ETF, which is yet to be approved.

These trends come as the price of Bitcoin has skyrocketed in the last two weeks, reaching a value of $35,000 on October 24th for the first time since May 2022. This surge in demand is likely linked to the anticipation of a Bitcoin ETF, which is expected to trigger a wave of buying from institutional investors.

Web 3.0 and Bitcoin Gains

Senior ETF analysts Eric Balchunas and James Seyffart have estimated a 90% chance of approval by Jan. 10 next year.

Data from TradingView indicates that Bitcoin has seen a significant 27.9% increase over the past two weeks.

The Basemark Web 3.0 platform has shown that Bitcoin has experienced a powerful 27.9% gain in the past two weeks. Source: TradingView

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