Bitcoin has been trading in a narrow range over the past few weeks against the background of weak activity of traders. According to Arcane Research analysts, BTC volatility has dropped to its lowest level since the fall of 2020.
In addition, the interest of Internet users in BTC has decreased. According to Google Trends, Bitcoin-related searches have dropped to their lowest level since December 2020.
Internet users from El Salvador sent the largest number of requests for cryptocurrency. This should not be surprising as this Latin American state legalized BTC last year.
The law, which allows goods and services to be paid for in El Salvador with cryptocurrency, came into force last fall.
