Dow Jones Industrial Average suffers its largest absolute fall ever, did Google Trends predict the Bitcoin price crash?

The Dow Jones Industrial Average Index suffered its largest fall in absolute terms on Monday (February 5, 2018), it fell 1,175.21 points or 4.60%.

Although the fall was the largest in absolute terms, it isn’t in the Top 30 falls in terms of percentage. The same was the case on Friday which we covered here.

Meanwhile, there seems to be a strong correlation between Google Trends for Bitcoin and it’s price. Charts below:

Bitcoin Price Chart (Feb 6, 2017 to Feb 5, 2018)
Google Trends – Bitcoin (Feb 6, 2017 to Feb 5, 2018)

Did Google Trends predict the Bitcoin price crash?

“What we learn from history is that people don’t learn from history.” – Warren Buffett

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