Bitcoin-Related Google Searches Hit a 5-Year Low as Traders Eye a Bottom

Google searches for “bitcoin” have dropped to a five-year low, and some traders note that the last two times interest sank this far, the asset’s price found a steady bottom. Google Trends does not measure raw search volume but rather scores interest on a relative scale from 0 to 100, so a five-year low means public curiosity about bitcoin is weaker now than at any point since 2021, including the depths of the 2022 bear market. Popular online trader Crypto Kaleo was quick to flip the meaning behind the signal, stating: Google is not the only place showing a retail retreat, given that Robinhood’s crypto transaction revenue plunged 55% to $120 million in the third quarter, while crypto trading volume on the platform fell 38% to $50 billion (all while…

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.