Fun

News Feed - 2023-10-27 09:10:00

Tom Mitchelhill8 hours ago‘Buy Bitcoin’ search queries on Google surge 826% in the UKGoogle searches relating to purchasing Bitcoin have spiked worldwide following a significant rally in the price of BTC.5730 Total views143 Total sharesListen to article 0:00NewsJoin us on social networksGoogle searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.


According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of seven days.Global search terms related to purchasing Bitcoin have surged worldwide. Source: Google Trends


“The remarkable surge in ‘buy Bitcoin’ searches in the UK, combined with the cryptocurrency’s resurgence, underscores the growing interest and potential impact of traditional financial institutions’ involvement in the world of digital assets,” said a spokesperson from Cryptogambling.tv.


While users in the U.K. led the pack, there was also a noticeable increase in searches relating to purchasing Bitcoin (BTC) from web users across the globe.


According to data from Google Trends, searches from users in the United States for “should I buy Bitcoin now?” increased by more than 250%, while more niche searches, including “can I buy Bitcoin on Fidelity?” increased by over 3,100% in the last week.


Zooming out further, the search term “Is it a good time to buy Bitcoin?” saw a 110% gain worldwide over the last week. In comparison, searches for “BlackRock Bitcoin ETF” jumped 250%, demonstrating broader enthusiasm for information relating to BlackRock’s spot Bitcoin exchange-traded fund (ETF), which is currently pending approval.


The sudden uptick in interest comes amid a drastic increase in the price of Bitcoin over the past fortnight, with Bitcoin briefly surpassing a value of $35,000 on Oct. 24 — the first time since May 2022.


Related:Peter Brandt says Bitcoin bottom is in, but prepare for a ‘chopfest’


The excitement appears closely linked to the approval of a spot Bitcoin ETF, which many pundits believe will unleash a fresh wave of buying from institutions.


Senior ETF analysts Eric Balchunas and James Seyffart have pinned the probability of an approval at 90% by Jan. 10, 2024.I"ve gotten a lot of questions regarding my current view on Spot #Bitcoin ETFs over the last couple weeks. This is the first section of the note I put out yesterday with @EricBalchunas.

TLDR: Our view hasn"t changed much https://t.co/dRAm5IsdQf pic.twitter.com/Htsi3n2XxV— James Seyffart (@JSeyff) October 13, 2023


At the time of publication, Bitcoin has gained more than 27% in the past two weeks, according to price data from TradingView.


Bitcoin has notched a powerful 27.9% gain in the past two weeks. Source: TradingView


Magazine:The truth behind Cuba’s Bitcoin revolution — An on-the-ground report# Bitcoin# Cryptocurrencies# Bitcoin Price# Adoption# United States# United Kingdom# Bitcoin TraderAdd reactionAdd reactionRead moreWill Sam Bankman-Fried fix his case when he takes the stand?Bitcoin is evolving into a multi-asset networkHere’s what happened in crypto today

News Feed

Economist David Rosenberg Pleads Ignorance on Bitcoin After Predicting Massive Bubble
Economist David Rosenberg Pleads Ignorance on Bitcoin After Predicting Massive Bubble Economist David Rosenberg has pleaded “ignorance on bitcoin” af
China Launches Digital Yuan ‘Hard Wallet’ Card Pilot Program
China Launches Digital Yuan "Hard Wallet" Card Pilot Program The People’s Bank of China (PBoC) have green lighteda physical card-wallet pilot to test its d
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data Bitcoin consolidated below the $24,000 level on Feb. 27, as cryptocurrency markets prepare
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomu
Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows 
Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows  Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. C
Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened
Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise V
Strategist at Southeast Asia’s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price
Strategist at Southeast Asia"s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is un
Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion
Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion U.S. crypto tax compliance startup Taxbit has raised $100 million in a
Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids
Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible toke
China Releases Year-End Crypto Rankings
China Releases Year-End Crypto Rankings China’s Center for Information and Industry Development has published its year-end crypto project rankings. Thirty-five projects wer
Brazil poised to launch world’s first spot Solana ETF ahead of global markets
Zoltan Vardai11 hours agoBrazil poised to launch world’s first spot Solana ETF ahead of global marketsAccording to IBM’s former blockchain growth lead, a potential Solana ETF approval in the US could act as a signifi
Over $6B worth of BTC moved by 5th-richest Bitcoin whale
Zoltan Vardai13 hours agoOver $6B worth of BTC moved by 5th-richest Bitcoin whaleThe funds haven’t moved since 2019 when the whale address received them.13382 Total views79 Total sharesListen to article 0:00NewsOwn thi