Key Takeaways:
Internet search giant Google has seemingly stopped displaying live price charts for Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies in its search results. Users noticed that queries like “Bitcoin price” or “Ethereum price” no longer show the price charts, which has been a common sight on the search engine since it was first introduced in 2018.
Google Users Cannot Find BTC and ETH Price Chart in Search Results
While the price charts for two of the largest crypto assets have been dropped, Google users can still view stock and index graphs. Access to the BTC and ETH price charts is now via Google Finance.
While Google hasn’t responded to a comment by crypto publications, the decision has sparked discussions about whether it is a temporary glitch or a permanent change. Some are speculating that it could be an experiment being conducted by the tech giant on its search algorithm in the lead-up to the heated US Presidential election.
Previously, a search on Google provided charts showing the current prices of leading cryptocurrencies, enabling users to check the market value of these assets without navigating to other platforms like TradingView or CoinMarketCap. The feature allowed users to view real-time or near real-time price charts for Bitcoin in the search results.
Interestingly, the search engine still provides price charts for other digital currencies like Dogecoin (DOGE), Monero (XMR), Cardano (XRP), Binance Coin (BNB), Tether (USDT), Tron (TRX), and Ethereum Name Service (ENS).
Search Volume For “Bitcoin” and “Ethereum” Across the World is at an all-time Low
Separately, Google Trends data shows that search volume for “Bitcoin” on Google has been dropping over the past three months, hitting a one-year low between October 13 and 19. Over the past four years, the lowest at which Bitcoin search results were was on October 12, 2020. On that day it was ranked 12 on Google’s top search results list, but on Sunday, it dropped to 15.
By the end of last week, global interest in the term had dropped to 27% of the 2024 peak search volume, reported in the week between March 3 and 9, when Bitcoin was on the journey to recording its all-time high of nearly $74,000 per token.
The search interest for Bitcoin is the highest in El Salvador, which is not surprising considering it is the first country in the world to adopt BTC as legal tender in 2021. The Central American nation is closely followed in second by Nigeria, which has Africa’s largest population of crypto users and is a country ravaged by inflation. Nigerians turned to crypto as a capital flight mechanism, leading to authorities cracking down on transactions and imposing sanctions on local crypto trading platforms.
Ethereum also displayed a similar trend, with data between October 13 and 19 showing a 19% drop from its reported yearly peak observed during the seven days between March 3 and 9. The search interest for the world’s second-largest cryptocurrency by market cap was led by Saint Helena, followed by Switzerland and Slovenia.
Bitcoin’s Price Surges To $66,000
Meanwhile, Bitcoin started this week with a bang after its price surged past $66,000 on Monday, which was driven by renewed optimism around a potential economic stimulus to ease recession fears in China and a growing demand and interest in BTC.
The rally resulted in Bitcoin rising by 5%, and Ethereum (ETH) and Solanan (SOL) by 6%.
According to Glassnode’s data, over $100 million worth of short positions in BTC were liquidated following the surge. Last weekend also saw strong activity in the memecoin market, as traders were busy speculating about a “super cycle”.
Analysts are traders also talking about “Uptober”, which refers to October, a month that has historically been positive for Bitcoin and the crypto market in general. One reason for the onset of the positive momentum in the BTC price is the US Federal Reserve’s decision to slash interest rate on the dollar, which has renewed investor interest in risk assets like Bitcoin.
At the time of writing, Bitcoin (BTC) is trading at $65,689 – up 1.17% in the last 24 hours. Meanwhile, Ethereum (ETH) is trading at $2,618 – up over 3% since yesterday.
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