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Altcoin Searches Hit All-Time High As Bitcoin Breaks $100k Barrier

Press Releases Crypto News Bitcoinist Altcoin Searches Hit All-Time High As Bitcoin Breaks $100k Barrier

Bitcoin continues its dramatic price surge after incoming US President Donald Trump made a few crypto-friendly picks for his next cabinet.

Bitcoin Breaks Past $100K

Hours after announcing that he’ll likely nominate Paul Atkins for the Securities and Exchange Commission (SEC) post with current chair Gary Gensler stepping down on inauguration day, Bitcoin makes another move, finally breaching the $100k mark. And this excitement over the world’s top crypto has spilled to altcoins.

Bitcoin breaking the $100k barrier today. Source: Coingecko

According to Google Trends, interest in “altcoins” spiked dramatically last November 30th, hitting 100, backed by a post-election frenzy and the appointment of crypto-friendly personalities. On December 4th, it hit 88 out of 100, matching the enthusiasm of the altcoin season 2021.

Altcoin Searches Started To Surge In November

Interest in altcoins and Bitcoin started to grow in November in anticipation of a second Trump administration. The public’s excitement is reflected on Google Trends, with searches for altcoins hitting 93 in November before declining to 56 in the second week.

Searches for "altcoins" up from Nov 4 to Dec 4. Source: Google Trends

An increasing search volume has traditionally been attributed to retail investors’ participation, the industry’s main driver of price surges. Today’s attention on altcoins is comparable to the bull cycle of 2016/17. Market observers say that this cycle of interest in popular altcoins happens when Bitcoin’s price is stable or new highs are being tested.

Total crypto market cap currently at $3.6 trillion. Chart: TradingView

Aside from a spike in interest, some altcoins have registered substantial gains. For e

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Author: Christian Encila

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