Bitcoin Google Searches Down

<div><img width="1024" height="680" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/02/bitcoin-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" loading="lazy" srcset="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/02/bitcoin-1.jpg 1024w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/02/bitcoin-1-300×199.jpg 300w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/02/bitcoin-1-768×510.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></div><h1><span data-preserver-spaces="true">Bitcoin Google Searches Down</span></h1>
<p><span data-preserver-spaces="true">Following bitcoin’s absence of dramatic price changes, the amount of Google searches for the asset has dropped to its lowest level since late 2020.</span></p>
<p><span data-preserver-spaces="true">Separately, despite BTC’s two-day recovery from the sub-$40,000 fall, the popular </span><a href="https://www.financebrokerage.com/20-april-chart-overview-for-bitcoin-and-ethereum/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Bitcoin</span></a><span data-preserver-spaces="true"> Fear and Greed index has settled in “fear” territory, according to a recent surge in whale activity towards the principal cryptocurrency. However, according to Google Trends data, interest from ordinary investors has decreased in recent months.</span></p>
<p><span data-preserver-spaces="true">The volume of searches on the world’s largest search engine often reflects the behavior of smaller investors, who typically emerge on the scene during the most significant bull runs.</span></p>
<p><span data-preserver-spaces="true">It was the situation in late 2017 when BTC reached an all-time high of almost $20,000.</span></p>
<p><span data-preserver-spaces="true">The searches vanished as the asset entered a year-long down market. Similarly, with last year’s price hikes, BTC went on a tear in April and November, eventually topping at $69,000.</span></p>
<p><span data-preserver-spaces="true">However, the cryptocurrency began retracing once more, resulting in a near-50 percent drop in nearly half a year. Google Trends data reveals that “Bitcoin” searches have plunged to lows last seen in December 2020, which is entirely predictable.</span></p>
<p><span data-preserver-spaces="true">The Bitcoin Fear and Greed Index gauges general attitude in the</span><a href="https://www.financebrokerage.com/robinhood-acquires-uk-crypto-firm-ziglu/" target="_blank" rel="noopener"><span data-preserver-spaces="true"> cryptocurrency</span></a><span data-preserver-spaces="true"> community by analyzing various indicators such as price volatility, surveys, BTC dominance, trading volume, social media interactions, and so on.</span></p>
<p><span data-preserver-spaces="true">Its final results display on a scale of 0 to 100; zero represents “extreme fear” and 100 represents “extreme greed.”</span></p>
<p><span data-preserver-spaces="true">When Bitcoin was approaching $50,000 in late March, the metric entered acute greed for the first time since November. However, as BTC began to cool and even fell below $40,000 in April, the Index plummeted to acute anxiety. Today, it only reflects concern, as bitcoin recovered from the Monday retracement and reached the January 2021 ATH of $42,000.</span></p>
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