According to Google Trends, the highest level of interest for this period was recorded a week ago, and since then, the trend has remained above normal levels. Greenspan emphasized that the price fall is "quite normal" and has been seen a number of times since bitcoin's creation.
She claims that the tug of war between bulls and bears are creating tensions in the market, leading to a significant amount of volatility in Bitcoin price.
Other crypto-related terms have also seen mild upswings in search volume, but not to the same scale as Bitcoin.
Bitcoin has plunged to its lowest level in almost two years, before recovering somewhat today as cryptocurrency markets continue to bounce around. Searches for Ethereum (ETH) saw a mild uptick but were still below where they were in mid-September.
On November 28, the price of Bitcoin (BTC) spiked from $3,771 to $4,355, by more than 15.4 percent.
Many discussions point to fear of the Bitcoin Cash (BCH) fork in progress, which is indeed on point.
When looking across social media, it seems there is at least one new merchant willing to accept Bitcoin SV as a payment option. But as it was being predicted that the low was not reached when the cryptocurrency market crashed before, bitcoin has again fallen down the $4000 mark and is now trading between $3900 and $4000 range.
They said the US Securities and Exchange Commission (SEC) was partly to blame for the recent sell-off, with the delay in its approval of new bitcoin instruments, as well as for its investigations of initial coin offerings and crypto exchanges.
"To give it the best chance for success we pushed it back to the holidays to give people more time to get on board".
Perhaps the biggest sign of the crash came November 22, when it was reported that bitcoin miners were both shutting down and declaring bankruptcy.
As CryptoGlobe reported recently, Cory Johnson, Bloomberg's editor-at-large and the chief market strategist at Ripple Labs, claims that XRP, a digital currency developed by Ripple (the company), is now being used more than bitcoin (BTC), the flagship cryptocurrency.
Bitcoin's prices have consistently fallen in the last few weeks, causing it to lose about 80 percent of its value since the beginning of the year, and bringing it to the lowest it's been in 14 months.
"I don't think coins are going to be anywhere near as attractive as some of the other cross-asset plays".
This author is invested in BTC and ETH, which are mentioned in this article.
