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Bitcoin Price And Google Search Correlation

In 2017, Semrush, a search engine advertising and marketing company, reported that bitcoin costs had a 91% correlation with the amount of Bitcoin-related Google searches. This implies that the worth of bitcoin rose and fell in lockstep with the variety of Bitcoin-related searches.

While the Semrush examine confirmed that the search quantity elevated as the worth of bitcoin grew, it didn’t say whether or not the searches predicted the alternate price between bitcoin and the greenback. Bitcoin searches elevated 450% within the 5 months between April and September. The estimated quantity of Bitcoin-related search key phrases in a single yr totaled 51.4 million.

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