- October 31, 2023
- Posted by: legaleseblogger
- Category: Related News
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Surge in Online Traffic to BitcoinÔÇÖs Wikipedia Page Reflects Growing Interest in the Asset
The online traffic to Bitcoin’s Wikipedia page reached a new high last week, indicating a significant increase in public interest in the cryptocurrency as its price continues to rise. According to data from The Block, the page recorded nearly 13,500 visits on October 24, marking the highest daily count since Bitcoin’s price dropped below $20,000 in June 2022.
The surge in visits to Bitcoin’s Wikipedia page can be attributed to the recent rally in the cryptocurrency’s price and the anticipation surrounding the potential approval of a Bitcoin Exchange-Traded Fund (ETF). Rebecca Stevens from The Block Research explains that the growing interest in Bitcoin is evident in more casual ways, such as the increased number of people visiting its Wikipedia page. The page appears as one of the top results when searching for “bitcoin” on Google.
The traffic to the page has historically spiked during periods of significant price movements in either direction. Another notable influx of visitors occurred when FTX, a prominent crypto exchange, collapsed in November 2022. After Bitcoin’s price dropped below $17,000, the page received 11,000 visits on November 14. Additionally, there was a major surge of traffic on May 13, 2021, when Elon Musk announced that Tesla would no longer accept Bitcoin as payment for cars, causing the cryptocurrency’s price to plummet by approximately 50%. At that time, the page attracted over 63,000 clicks. The single largest day for visitors to the page was on December 8, 2017, when Bitcoin surged to an all-time high of $20,000, drawing a staggering 344,000 visitors.
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