Bitcoin Rises While Google Searches Hit Four-Year Low
Bitcoin reached $66,000 yesterday, even as interest in the cryptocurrency appeared to wane, with Google searches for "Bitcoin" nearing levels not seen since 2020.
Additionally, Google has removed price charts for Bitcoin and several other cryptocurrencies from its search results.
Over the past three months, searches for “Bitcoin” have consistently declined, hitting their lowest point of 2024 during the week of October 13-19.
The last time search interest was this low was on October 12, 2020, when it ranked at 12. Recent data shows a slight increase to 15 as of Sunday.
READ MORE:
How Do Bitcoin’s Gains Compare to S&P500?Several users on X (formerly Twitter) noted that Bitcoin, Ethereum , XRP , and SOL no longer have dedicated market summaries on Google.
However, cryptocurrencies like Dogecoin , Monero , Tether , Binance Coin , Cardano , and Tron still display price charts and market data. Bitcoin and Ether do remain visible on Google Finance.
Over the past year, Bitcoin’s value has surged from $27,000 to $66,000, frequently crossing the $60,000 mark since March.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Three Federal Reserve officials turn hawkish on the same day, market expects probability of rate hike in October to rise to 69%
On Thursday, the President of the Philadelphia Fed stated that further tightening of policy may be necessary; the President of the New York Fed said that another rate hike within the year is reasonable; the President of the Cleveland Fed indicated that the risk of inflation expectations becoming unanchored has increased significantly. Previously, on Wednesday, Federal Reserve Governor Michael Barr mentioned that further policy adjustments may be necessary; on Tuesday, the President of the Richmond Fed stated that the risk of entrenched inflation is rising. Driven by hawkish comments from officials and strong economic data, market expectations for a rate hike in October have risen from 53% last weekend to 69%.
Tom Lee Agrees Ethereum 5-Year Consolidation Is the Launchpad for a Mega Price Rally
Silver’s tight supply creates yield opportunity as Theo launches new tokenized product
U.S. Treasury sell-off intensifies! 7-year Treasury auction sees weak demand, Treasury buyback falls short of the cap again, municipal bond yields hit highest in 15 years
On Thursday, the yield on the U.S. Treasury Department's $44 billion 7-year note auction soared to 5.085%, marking a historical high for this maturity. The allocation ratio to overseas investors dropped to a near two-year low. The Treasury's expanded repurchase operations only reached 68% of the cap, lower than the previous 86%, indicating less liquidity support than expected. The pressure spread to the U.S. municipal bond market, with the 30-year yield breaking above 5%, the highest since 2011, and the scale of sell-off reaching levels unseen since the early days of the pandemic. On Thursday, the yield on the 10-year U.S. Treasury exceeded 5.2% for the first time since 2007.
Crypto prices
More
