Bitcoin has overtaken daily costs, interest, and commodities in US search volume, according to Tradingbrowser.
News that is really good for bitcoin. The cryptocurrency has reportedly overtaken nearly all other popular searches in the United States, including those for daily costs, interest, and commodities, according to a study by Tradingbrowser. Details are provided below.
News from Tradingbrowser: Bitcoin surpasses all others
According to the Bitcoin Popularity Index based on Ahrefs’ search volume, Bitcoin has surpassed even daily necessities and expenses like hamburgers, religion, and child support as one of the most searched terms in the United States, as predicted by Tradingbrowser’s study.
Nevada currently holds the title of the United States’ most enthusiastic Bitcoin-using state with a search score of 100. With 1.3 million searches, Elvis Presley is ranked fourth, followed by Spiderman and Disney World.
Breaking News comes in third, with Donald Trump coming in second. Some popular search phrases include auto insurance and student loans. Daniel Larsson, senior editor at Tradingbrowser.com, made the following remarks regarding this:
“Bitcoin has surpassed the most sought-after items like religion, child support, health care, and politics, which is a clear sign of widespread interest among Americans, especially in Nevada.”
Nevada’s status as a gambling hotspot, low tax burden, and innovative attitude may explain its interest in Bitcoin, as well as its high-tech firms like Tesla’s Gigafactory.
Interestingly, Bitcoin is more popular than weapons, exercise, donuts, coke, student loans, and auto insurance.
All of this strongly suggests that Bitcoin is becoming a mainstream investment alternative rather than a specialized one. It’s also fascinating to notice that Breaking News is the third most common search keyword, while Donald Trump, the former president of the United States, is ranked second.
This suggests that public people and current affairs continue to have a big impact on American search behavior. Even still, the popularity of Bitcoin still behind that of these widely searched terms, indicating that the virtual currency has cemented a significant place in people’s minds.
PostFinance plans to provide Bitcoin trading, which is further good news
Swiss government-owned retail bank PostFinance is getting ready to provide its clients with services for trading and storing cryptocurrencies. To be more precise, PostFinance joined forces with local cryptocurrency bank Sygnum on April 5 in order to provide its clients with a variety of regulated banking services for digital assets.
PostFinance customers can buy, store, and exchange Bitcoin (BTC) and Ether (ETH) through the cooperation (ETH). Sygnum’s institutional business-to-business solution allows banks market access to regulated and compliant digital products, enabling crypto services.
Staking and other B2B services support multiple cryptocurrencies. It has over 15 partner banks. PostFinance embraced cryptocurrencies due to client demand. Philipp Merkt, the bank’s chief investment officer, says consumers want to access the digital asset market through PostFinance, their preferred bank.
As shown by its custody platform and 2021 digital collectible stamps linked to physical stamps, the publicly traded firm is pro-crypto.
PostFinance launched cryptocurrency trading services with Crypto Stamp 3.0, a new crypto stamp featuring physical, non-fungible tokens and artificial intelligence.
Following reports of CZ’s arrest, bitcoin drops to fresh monthly lows
In the night of April 4, when market-sensitive rumors about Binance, the biggest exchange, spread, Bitcoin reached new monthly lows. The performance, which was at its lowest since 28 March, came in the wake of rumors that Interpol was looking for Binance CEO Changpeng “CZ” Zhao, who is already under investigation by US regulators.
The market reacted negatively to the rumors after a Cobie Twitter account message that seemed to lack supporting evidence. Bitcoin is currently trading far above $28,000 and exhibiting a “classic” trend.
Moreover, a later tweet claims that BTC/USD has “swept” local lows, with $30,000 being the next objective. Expert investors therefore anticipate $30,000 to be reached with a “brief correction,” despite the concerns. About Bitcoin, optimism is still high.