Global Interest in Bitcoin Surges Amidst Crypto Rally
The recent rise in the Bitcoin exchange rate, marking an 18% increase, has sparked a growing worldwide interest in cryptocurrencies, as reported by Cryptogambling.tv. On October 24th, Bitcoin briefly surpassed the $35,000 mark for the first time since May 2022.
Notably, the United Kingdom has witnessed a substantial rise in interest in Bitcoin, with an 826% increase in search queries for “Buy Bitcoin” over the past week. Cryptogambling.tv’s representative sees this as a strong indicator of the rising popularity of cryptocurrencies within the country and suggests the potential influence of traditional financial institutions on the crypto market.
It’s worth mentioning that the UK recently introduced new regulations for digital assets. Because of this Binance has suspended the registration of new users within the country.
Interest in Bitcoin has surged not only in the UK but also around the world. For example, in the United States, there is a 250% increase in searches related to buying Bitcoin. Moreover, there has been a 3,100% growth in the popularity of requests regarding purchasing Bitcoin through the Fidelity platform.
In addition, Google searches for information on the opportune time to buy Bitcoin have doubled. Furthermore, there has been a 250% increase in requests for the approval of the BlackRock Bitcoin ETF, highlighting a growing appetite for crypto investments.
Analysts say that the Bitcoin ETF will likely receive approval by January 10 of the following year. Fred Thiel, CEO of Marathon Digital, shares this optimism, suggesting that the likelihood of approval for such investment products is high.