Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bitcoin hits $85K milestone as Google Trends signals renewed retail interest

Bitcoin hits $85K milestone as Google Trends signals renewed retail interest

Cryptobriefing2024/11/12 05:55
By:Cryptobriefing

Key Takeaways

  • Bitcoin reached an all-time high of $85,000 amid rising retail interest and institutional buying.
  • Google Trends highlights increased search interest in Bitcoin following Donald Trump's primary victories.

Bitcoin briefly touched $85,000 before settling at $84,000, marking its latest all-time high amid growing retail investor interest and continued institutional buying following Donald Trump’s primary victories.

Google Trends data shows increasing search interest in Bitcoin, which peaked at 100 during Trump’s recent electoral wins.

While search intensity initially declined after the elections, daily search volumes have been steadily climbing, suggesting renewed retail attention to the crypto market.

Since Trump’s win on November 5, Bitcoin has consistently broken past previous all-time highs, climbing from $73,500 to over $85,000 and adding more than $16,000 in just one week.

Further evidence of retail interest comes from app rankings on the Apple App Store, where Coinbase now ranks 70 and Robinhood 56—significant rises from two weeks ago, when both apps were ranked over 300 and 400, respectively.

The success of Bitcoin ETFs is driving both institutional and retail interest, with BlackRock’s IBIT surpassing its iShares Gold Trust counterpart in assets under management, holding $33.1 billion compared to IAU’s $32.9 billion.

Inflows into digital investment products have reached $116 billion post-election, further establishing Bitcoin’s position as a mainstream financial asset.

With Bitcoin now trading near $85,000, the Fear and Greed Index reflects extreme greed at a score of 76, signaling market euphoria.

While corrections may occur, this indicator, coupled with rising institutional and retail interest, suggests that the current bull market may extend well into 2025 as Trump prepares to take office.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All

Discover Polygon (POL) price movement and Ethereum (ETH) price analysis as both eye breakouts, and see why BlockDAG’s CertiK audit, growing presale, and attractive pricing position it among the best crypto for higher returns in 2025.Polygon (POL) Price Movement Signals Breakout Toward $1Ethereum (ETH) Price Analysis: Tight Range Could Spark $3,600 BreakoutBlockDAG’s CertiK Audit Strengthens Its Case as the Best Crypto for Higher ReturnsTo Sum It Up

Coinomedia2025/05/08 04:22
Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All

$298M Crypto Liquidations Rock BTC and ETH Traders

Crypto liquidations hit $298M in 24 hours, with BTC and ETH leading losses. Here's what caused the wipeout.A Rough Day for Crypto TradersWhat Triggered the Liquidations?Caution Ahead for Leverage Users

Coinomedia2025/05/08 04:22
$298M Crypto Liquidations Rock BTC and ETH Traders

Top New Meme Coins to Invest in This Month: Troller Cat Flaunts 7k% ROI as Official Trump and Mog Coin Rise from Slumber

Troller Cat ignites excitement with 69% APY and 7,000% ROI target. TRUMP and MOG bounce back, but is this cat the real jackpot?Troller Cat ($TCAT): Clawing Up the Ladder with Massive ROI PotentialOfficial Trump ($TRUMP): Slow Grind with Political BuzzMog Coin ($MOG): The Cult Favorite Gets a PulseConclusion

Coinomedia2025/05/08 04:22
Top New Meme Coins to Invest in This Month: Troller Cat Flaunts 7k% ROI as Official Trump and Mog Coin Rise from Slumber