Latest Cryptocurrency News and Current Crypto Prices
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Crypto News Blocks
Internet Searches For Bitcoin Skyrocket As Fears Grow Over Inflation
- Google Trends, a metric to measure general interest in trending topics, returned a value of 100 for the keyword ‘Bitcoin’ in the U.S.
- This is more than three times higher than the value of 30 observed in the late September-early October 2020 session on a 12-month timeframe.
- Meanwhile, the same keyword’s worldwide trend was 94, still three times higher than its score of 33 in early October 2020.
- The internet search volume increased after Bitcoin established an all-time high of $19,915 on Monday. It marked the second time BTC came close to testing the $20,000 since the frenzy of December 2017.
- Back then, the Google Trend global score for ‘Bitcoin’ has topped at 100 on a five-year timeframe. But this time, the trend maxed out at 24, which is still the best level since June 2019.
- Read the full story here.
Posted: Dec 4, 2020
CNN Journalist Makes Case For Altcoins Over Bitcoin
- CNN journalist Paul R. La Monica pointed out in a recent article that several large caps all outperformed Bitcoin during the recent spike.
- While Bitcoin has soared 15% in the past week to hit a new all-time high just under $20,000, Ethereum — the second-largest crypto after bitcoin — is up more than 20% in the past seven days.
- Likewise, XRP, the third-largest cryptocurrency, has surged nearly 25%. Litecoin, Polkadot, Cardano and Stellar, which are all among the top dozen biggest cryptocurrencies, have enjoyed larger gains as well.
- Most would agree that the last altseason took place around the winter of 2017-18. During 2017, altcoins were enjoying a boom that peaked with a total market cap excluding BTC of $475 billion.
- In order for there to be an altseason this time around, 75 out of 100 selected altcoins must outperform Bitcoin over a 90 day period. As it currently stands, only 14 tokens meet this criteria.
- Read the full story here.
Posted: Dec 4, 2020
