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Google Searches for Crypto Plunge in US. Here's What They Were Swapped Out for

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Wed, 06/30/2021 - 06:07
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Alex Dovbnya
While Americans have soured on crypto, they are now searching for high-risk options trading strategies
Google Searches for Crypto Plunge in US. Here's What They Were Swapped Out for
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Americans are losing interest in crypto at a rapid pace.

According to data provided by Arbor Data Science, search activity associated with the term “crypto” continues to plunge in the U.S.   

Meanwhile, alternatives like “call option” and “bull spread” are rising in popularity, meaning that investor risk appetite is still high.

Arbor
Image by @leadlagreport

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Based on the aforementioned data, the cryptocurrency mania peaked on May 9 before a cryptocurrency market saw a massive correction due to Tesla suspending Bitcoin payments and China’s clampdown on crypto mining.

The total crypto market cap is down roughly $1.2 trillion (or 45 percent) from the top.   

Apart from crypto, Americans have also soured on commodities. Lumber, for instance, has been taking a beating in recent weeks after a massive rally in May.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.