Tweets Related To Bitcoin Reach 2-Year High; Data Shows

Tweets Related To Bitcoin Reach 2-Year High

Tweets about Bitcoin on the rise as Bitcoin reaching $10k brought it back into popular consciousness but internet users were paying attention before that.

Statistics from tracking site Bitinfocharts show that Bitcoin mentions on Twitter alone spiked to two-year-highs in early February.

75K Daily Bitcoin Tweets

BTC / USD traded at about $9,400, having reached its highest level since September 2019.

Tweets about Bitcoin hit 75k on Feb. 2, a massive contrast to normal activity and the highest since early 2018, as the markets digested the precipitous fall of Bitcoin from $20,000 all-time highs.

Subsequent days saw significantly fewer tweets, only 38k, still noticeably higher than the months before the increase.

Searches Highest Since August

This month, Google’s search activity also picked up, while the analysis of the word “Bitcoin” reveals users in the past seven days searched for the phrase more than at any time since last August.

BTC/USD dropped from highs of $11.8k to lows below $10k during that month in 2019, having previously seen 18-month highs of $13.8k.

The end of the year had the opposite effect, dull price-performance along with a gradual diminish in knowledge and interest online. Actions in Iran in January have changed the status quo in some way.

According to Google Trends, the main sources of renewed curiosity about Bitcoin comes from Nigeria and South Africa, followed by Austria, Switzerland and Ghana.

Among the most common related topics is a notable feature of Square’s Cash app, the payment service providing full support for Bitcoin transactions.

Cryptolydian reported earlier this month that, Jack Dorsey, CEO of popular social networking service Twitter, decided to release emojis for Bitcoin as of February 2. This raised concern if the other giant messaging companies like Telegram will follow suit.

Thus, when a Twitter user types Bitcoin, a picture showing its symbol will appear next to it.

Changpeng Zhao, Binance CEO, used the emoji and suggested that the cryptocurrency community should also use it. He said “Let’s do this.”

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.