Bitcoin (BTC) has sparked fresh interest from mainstream consumers after its cost nosedived to its everyman levels since May this week.

According to data from Google Trends, "Bitcoin" and associated terms have increased in popularity conspicuously over the past calendar week.

"Bitcoin halving" back in the spotlight

Currently, "Bitcoin" is at its highest search ranking since late October, when BTC/USD traded at close to $10,000.

Google search interest for

Google search involvement for "Bitcoin." Source: Google Trends

Geographically, involvement appears to be coming from Africa, with Nigeria, S Africa and Ghana forming the elevation three sources. Austria and Switzerland complete the meridian five.

Attending is besides focusing on factors beyond the Bitcoin price — the term "Bitcoin halving" is likewise in the spotlight one time again since its October highs.

The event, scheduled for May 2020, is widely considered equally a goad for markets, with multiple analysts predicting a new parabolic bullish phase beginning after or but before the halving.

Toll volatility predicted to endure

Every bit Cointelegraph reported, price movements often dictate mainstream interest in Bitcoin, with volatility tending to run across more than press coverage exterior cryptocurrency circles.

Since the starting time of last calendar week, BTC/USD has slumped 20%, while monthly losses now total around thirty%.

According to statistician Willy Woo, volatile beliefs is prepare to continue every bit the halving approaches. Unlike the previous two halving events, he noted, 2020 is special, with Bitcoin approaching from a bearish perspective.

Google interest meanwhile appears bars to Bitcoin — statistics for terms relating to altcoins, such as "Ethereum," "ETH" and "XRP," have stayed apartment in recent weeks.