Bitcoin briefly hit $85,000, but then settled at $84,000 and hit an all-time high amid increased interest from private investors and continued buying by institutional investors following Donald Trump's victory in the primaries.
Google Trends data shows an increase in search interest in #bitcoin , which peaked at 100 searches during Trump's recent election victory.
Despite an initial drop in search intensity after the election, daily search volumes have steadily increased, indicating retailers' renewed focus on the #cryptocurrency market.
Since Trump's victory on Nov. 5, bitcoin has been steadily updating record highs, rising from $73,500 to $85,000, adding more than $16,000 in just one week.
#Coinbase and #Robinhood are ranked 70th and 56th respectively in the Apple App Store, up from 300th and 400th two weeks ago. The success of bitcoin ETFs has led to increased interest from institutional and retail investors, with BlackRock's IBIT overtaking the iShares Gold Trust in terms of assets under management at $33.1 billion versus IAU's $32.9 billion.
Since the election, inflows into digital investment products have reached $116 billion, further strengthening bitcoin's position as a major financial asset.
Bitcoin is currently trading around $85,000, and the Fear and Greed Index reflects extreme greed with a score of 76, indicating market euphoria.
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