As Bitcoin (BTC) continues to rise to historic highs, interest in purchasing cryptocurrency in the United States has surged sharply, especially in the past month. Specifically, over the past 30 days, the search interest for the term 'buy Bitcoin' has increased by 76%. According to Google Trends data, on June 15, this search index was 49. By July 15, it had risen to 90, peaking at 100 on July 14.
The highest search volume was in Washington D.C., followed by New Hampshire, Nevada, New Jersey, and Washington State, indicating high interest in cryptocurrency in the Northeastern and Western United States. The growth in interest is closely related to the price dynamics of Bitcoin, as BTC has risen about 10% in the past month, briefly breaking the $123,000 mark. Interestingly, the increase in search queries reflects the curiosity of retail shoppers, who feel a fear of missing out (FOMO) in the context of a sharp price increase. The current trading price of Bitcoin is $116,395, having dropped 2.9% in the last 24 hours, while maintaining a weekly increase of 7.4%. This pullback ends a seven-week upward trend during a period when the Relative Strength Index (RSI) exceeded 70, indicating an overbought condition. Analysts state that profit-taking is surely one of the reasons for the decline.
