While retail are not all that interested in bitcoin now, they seem quite fond of the upcoming Ethereum Merge event.
The demand and interest in bitcoin seem to be further fading among retail investors, at least according to data from Googe Trends.
At the same time, the searches for the upcoming Ethereum Merge event have skyrocketed to a new all-time high days before the blockchain’s transition to PoS.Google trends data shows the behavior and interest of retail investors as they tend to inquire about certain investments on the world’s largest search engine. The rule of thumb is that when a particular asset is hot , more and more people are looking for it – an example evident amid the bull run in late 2020 and 2021..
The “bitcoin” searches worldwide have declined to the lowest levels since December 2020 – just ahead of the bull market. At the same time, the “buy bitcoin” queries have plummeted to levels last seen over two years ago.Entirely Different Story With Ethereum While retail investors are showing little-to-no interest in the largest cryptocurrency, they seem quite determined to find out more about the second-biggest one, and especially the most important event in its history – the Merge.
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