Bitcoin price LIVE: BTC climbs overnight as Google searches fall and hype begins to wane | City & Business | Finance

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7.30am MORNING HEADLINES

Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

Bitcoin is priced at $9,577 at time of press after putting on a $1,000 overnight.

Data from Google shows that there is a direct relationship between bitcoin’s price and the number of searches made on the primary internet search engine.

According to CoinTelegraph, during February’s crypto market slump that sent BTC below $7000, the number of Google searches for ‘bitcoin’ dropped to the lowest levels since October of 2017.

Unsurprisingly searches for ‘bitcoin’ peaked between December 17-23, coinciding with Bitcoin’s price rising to above $20,000 for the first time on December 17, 2017.

However, since mid-February, searches for ‘bitcoin’ have fallen and the price has fallen to below $10,000.

Updates below throughout the day….

8.37am – UPDATE – Ripple to team up with Amazon?

Joesph Carey reports on long-standing rumours that Amazon is developing its own cryptocurrency and has registered domains including – amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com.

If Ripple formed part of this project then prices against BTC could rise dramatically.

Read the full report here.



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