Search Interest in Bitcoin Halving Reaches Record Levels on Google
Anticipation for the upcoming Bitcoin halving has led to a continuous increase in Google searches. Data from Google Trends reveals that interest in the term “Bitcoin halving” has reached a record level, surpassing more than double the interest observed during the last halving in 2020.
According to Google Trends, search interest for the term “Bitcoin halving” has already reached a score of 45 and is forecasted to reach the maximum score of 100 by the end of the month. This indicates peak popularity, which is expected to continue even after the event.
Currently, there are less than 2 days until the Bitcoin halving, with only a few hundred blocks remaining before the event. Countdown updated live on our website!
Google Trends shows that Nigeria, the Netherlands, Switzerland, and Cyprus have the highest interest in the Bitcoin halving.
The Bitcoin Halving Explained
The Bitcoin halving is the moment when rewards allocated to miners are cut in half. This year, the rewards will decrease from 6.25 BTC to 3.125 BTC per mined block.
The event is scheduled to occur at around 6 AM (Paris time) on April 20.
The record level of interest in the Bitcoin halving may not come as a surprise given the impressive performance of BTC’s price in recent months.
BTC started the year at a price of $42,200 and increased by 74% to reach a new all-time high of $73,600 on March 13. However, the past few days have been rocky for the crypto king, recording a nearly 14% drop over the week, with a price around $61,200 at the time of writing this article.
