Bitcoin’s Rise Sparked Interest Among Russians

Kataryna Kovtun July 29, 2020


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Bitcoin began to rise in price at the end of last week, which increased the interest of Internet users in cryptocurrency around the world.

Recall that at first BTC tested values above $ 10,000, the coin did not stop at the results achieved. On Tuesday night, for the first time since mid-August, the largest digital currency began trading above $ 11,000.

The strengthening of the bitcoin rate led to a surge of interest on the Internet for this cryptocurrency. This is evidenced by data from the Google Trends service.

Russians, as well as users of the World Wide Web from other countries, have become more actively interested in the value of bitcoin.

The activity of Russians reached its peak values at night on 28 July. It was at this time of day that the largest cryptocurrency held above $ 11,000, but in the morning a correction began and the coin retreated.

Interest in Bitcoin among regions of Russia

Now BTC is strengthening again and has already reached $ 11,175. If you look at the statistics provided by Google Trends, you can see that the largest number of search queries on bitcoin over the past seven days were sent by residents of Khakassia, Chechnya, Lipetsk region, Mari El and Adygea. Moscow was only on the 27th line.

Note that the regions of the Russian Caucasus are periodically included in the list of leaders in the ranking in terms of the scale of Internet users’ interest in the cryptocurrency industry.

Among such regions are Dagestan and Chechnya, which are significantly ahead of Moscow and St. Petersburg.

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