Amid Bitcoin’s (BTC) ongoing rally to a new all-time high, interest in buying the cryptocurrency has surged across the United States, particularly over the past month.
Specifically, search interest for the phrase “buy bitcoin” jumped by 76% in 30 days. On June 15, the search index stood at 49. It climbed to 90 by July 15, reaching a peak of 100 on July 14, according to Google Trends data retrieved by Finbold.
Regionally, the highest search volumes came from the District of Columbia, followed by New Hampshire, Nevada, New Jersey, and Washington, highlighting strong interest across the Northeast and West Coast.
The surge in public interest tracks closely with Bitcoin’s price action. In this case, over the past month, BTC gained around 10%, briefly topping $123,000.
The spike in searches likely reflects growing retail curiosity, with fear of missing out (FOMO) setting in as prices soared. However, such sentiment can be risky, especially in a volatile market like crypto, where quick corrections are common.
Bitcoin price analysis
At press time, Bitcoin was trading at $116,945, down more than 4% in the past 24 hours, though still up 5.5% on the week.
The pullback snapped a seven-week winning streak and came as technical indicators, including a Relative Strength Index (RSI) above 70, signaled overbought conditions. Analysts also noted that profit-taking likely contributed to the decline.
Additionally, geopolitical tensions have added to the selling pressure. Particularly, Bitcoin slid alongside global markets after President Donald Trump issued an ultimatum to Russia to end the Ukraine war within 50 days, sparking a broader risk-off mood.
At the same time, the news triggered $140 million in Bitcoin liquidations and a 3.43% drop in total crypto market cap, mirroring similar declines seen in June amid U.S.-China tensions.
Adding to the volatility, a long-dormant Bitcoin whale, who had held 80,000 BTC since 2011, transferred 18,643 BTC, worth approximately $2 billion, to Galaxy Digital on July 15. While not confirmed as a sale, large whale transfers have previously preceded sharp market swings.
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