Bitcoin’s search fever is declining

According to the reporter’s observation, in the long bear market, investors’ enthusiasm for cryptocurrency is further declining, and the trading volume and search volume of Bitcoin are plummeting. In this case, the Bitcoin price appeared for several days during the holiday, smashing around $6,600.

According to industry sources, most of the domestic investors are currently trading on the two platforms of the Firecoin Global Station and OKEx. According to the market information of the two platforms, the current Bitcoin trading volume on the global trading platform is only 5,800, and in September this year, this data is mostly above 15,000 horizontal lines, and even more than 20,000. At the same time, OKEx also presented the same market, the 5-day average trading volume of Bitcoin decreased from 20,000–30,000 in most of September to the current 15,000.

While the volume of transactions is decreasing, the search popularity of Bitcoin currency is also declining. Statistics show that Google’s recent search for Bitcoin and Ethereum hit an 18-month low. As of September 30, the global Bitcoin search fever fell to 8, the lowest since late April 2017, which means that the global attention to Bitcoin is currently at a low level of 18 months. At the same time, the domestic Bitcoin search fever fell to a minimum of 7 as of October 6.

According to relevant research reports, in the first half of this year, the ICO of the mainstream exchanges gathered by domestic investors broke the rate of more than 95%, and the price of some project tokens even fell by more than 99%. Nearly 100 blockchain projects became air coins. In addition, since the exchange security issues have occurred frequently this year, and the contradiction between the issue and the currency project has continued, and the blockchain has been breeding from the media, the regulatory authorities have also carried out corresponding clean-up and rectification measures. So far, the market value of the global cryptocurrency market has shrunk by more than $600 billion from the beginning of the year.

From this point of view, under the rectification and warning of the regulatory authorities, various types of air coins are becoming more and more difficult to attract investors, and investors’ interest in the currency circle is also decreasing. An industry insider told reporters that the decline in the cryptocurrency market has been damaged since the beginning of the year. Although there has been a rebound in mid-April, the overall market capital inflow is insufficient, and the number of new investors is limited, resulting in a rise in the future. Looking at the cryptocurrency, there is still the possibility of continuing to adjust.

Bitcoin Info

Bitcoin price today is $6599.73, increasing 0.07%.