Bitcoin Searches on Google Rise by 57% as BTC Price Peaks at $80,000

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

Bitcoin searches on Google have spiked by 57% in a single day amid BTC’s price rally to $80,000. According to Google Trends on November 10, Bitcoin web searches reached 58 points, up from 37 the day before.

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

Bitcoin price spike fuels heightened interest

Back on November 6, 2024, interest in Bitcoin reached levels not seen in months. Web searches hit 100 points that day as the BTC price soared to $75,639, up 9% from the previous day’s price.

However, moving to November 7, interest levels dropped to 55 points on Google Trends. Web searches sank even lower in the following days, reaching only 44 and 37 points, respectively.

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

In addition to the surge in web searches, Bitcoin news searches also rose remarkably on the 10th, reaching 91 points up from 40 the day before a 56% increase. Even its YouTube searches rose to 92 points.

Furthermore, 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 eye 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 shifted 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