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The number of search queries for "bitcoin" on Google has reached a new high.
A similar trend is observed with the search query “ether” - the index increased from 16 to 19 points. The growth in the number of search queries indicates a revival of interest in cryptocurrencies and the industry from retail investors and traders, experts from The Block believe.
Changes in the policies of American agencies, the closure of legal cases against a number of projects, and investors’ desire to diversify traditional assets have created a favorable backdrop for digital currencies, analysts suggested.
Nevertheless, the crypto market finished the first quarter of the year against the backdrop of a significant decline in quotes and capitalization. Bitcoin’s dominance increased, while Ethereum and altcoins experienced more substantial losses, experts from The Block reported.
Earlier, experts from the investment firm Grayscale reported that the trade war of U.S. President Donald Trump negatively impacts fiat assets but serves as a favorable factor for bitcoin and gold.