Although the price of cryptocurrencies may have nosedives this past few days, the mainstream has continued to have increased interest in the industry. Tech giant Google has added a dedicated “Crypto” tab to monitor Bitcoin, Bitcoin Cash, Litecoin, and Ethereum on Google Finance.
The tab has been featured with stock markets as well as traditional currency markets, which is a good sign for the growth of the nascent digital asset industry.
Tab display 4 crypto assets
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The tab is visible at the top of the page to enable users to “compare markets”, with crypto listed among the five default markets which also includes Asia, Europe, U.S., and “Currencies.”
Bitcoin has hit new record levels this year, but the world’s largest cryptocurrency by market cap has shrunk to $44,000 after hitting an all-time high of $58,000 earlier last month.
The level of mainstream adoption has also increased, with companies like Tesla, Microstrategy, and MassMutual adding the crypto asset to their balance sheet.
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Bull Run in 2017 was driven by retail traders
The last major bull run in the cryptocurrency industry was driven majorly by retail investors. However, institutional investors have been the catalyst of this year’s run.
Also, based on Google trends, the number of searches on “Bitcoin” has increased as well. But it isn’t yet up to the overwhelming searching seen three years ago.
Presently, it seems Google is only interested in a few crypto assets, basically BTC, LTC, ETH, and BCH. Those are the coins displayed when users click the crypto tab. But more cryptocurrencies may be added in the future as their demand increase. The search for Stellar (XLM), Polkadot (DOT), and Cardano (ADA) returned no result. Even the search for Ether protocol or its ticker XRP returned Ripple’s XRP Liquid Index that trades on Nasdaq.