Bitcoin searches on Google skyrocket as price reaches historic $80,000

Bitcoin searches on Google have risen by 57% in just a day, as BTC price peaked at $80,000 today. According to Google Trends, on November 10, Bitcoin web searches were at 58, up from 37 points the previous day.

BTC continues its upward trajectory, hitting a new all-time high near $81,000, with futures premiums also spiking. Open interest in the crypto’s price surpassing $90,000 rose over $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading.

Bitcoin price spike fueled heightened interest

On November 6, 2024, interest in Bitcoin rose to levels not seen in months. Web searches racked up 100 points that day when the BTC price shot up to $75,639, 9% more than the previous day’s price.

Moving to November 7, however, interest levels dropped, recording only 55 points on Google Trends. Web searches sank even lower, in the following days, with only 44 and 37 points to show for, respectively.

However, on November 10, the number of Bitcoin web searches picked up, with interest levels rising to 58. Some have tied the sudden surge to the BTC price correlation, as the asset is now trading for $80,400, representing a 4% rise in just 24 hours and a 16% increase in 7 days. Bitcoin’s 24-hour trading volume is also at $84,137,245,426.

Aside from the surge in web searches, Bitcoin news searches rose astoundingly on the 10th to 91 points, up from 40 on the previous day, a 56% rise. Even its YouTube searches rose to 92 points.

Moreover, Google Trends averaged interest in Bitcoin at 70 between November 3 and 9, 2024, and has even projected an average of 90 between November 10 and 16, 2024. 

BTC tops $80,000 as investors look onto Trump’s presidency

BTC hit a new record high on November 10, as investors remain optimistic that Trump’s presidency will benefit crypto. Trump was widely seen as the pro-crypto candidate in his battle with the Democratic Party’s candidate, Kamala Harris. Since he won the presidency, BTC’s price has been rising, driving a bullish sentiment. 

While in his first term, the Republican candidate called out cryptocurrencies, tagging them as scams, he seems to have completely diverted from that narrative, actively campaigning for pro-crypto regulations. He even launched his own crypto platform, The World Liberty Financial, promising to make the United States the global crypto capital.