Google searches for ‘crypto’ fall to 2020 levels as BTC sentiment neutral

A two-month-long lull in cryptocurrency optimism has actually seen online search interest for “crypto” and other common cryptocurrency terms stumble down to late 2020 levels.According to data from Google Trends, the term “crypto” currently has a score of 17, which is well off its reference point of 100 in May 2021. A little spike in interest came in early November when the crypto exchange FTX collapsed.Search interest over time for the word “crypto” Source: Google TrendsThe fall in interest comes as Bitcoin (BTC) has held consistent around $28,000 for 10 weeks now– something which Galaxy Digital CEO Mike Novogratz just recently described as “indifferent,” due to an absence of “institutional excitement right now.” Guy Turner, typically known as “Coin Bureau Guy” suggested in a June 4 Twitter post that the fall in interest also corresponds with lower trading volumes on exchanges, which he claims to have actually reached a 32-month low last month: “Crypto” search patterns are at the lowest point they have been because December 2020.

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Source: Alternative.meInterest hasnt dipped in every domain of crypto though.Search volumes for “decentralized finance” and “defi” have managed to increase in 2023, while searches for “memecoin” reached a peak in early May.Related: Institutions incredibly interested in crypto ETFs, but purchasing has cooled: SurveyNigeria presently holds the highest rating for a lot of crypto-related searches, while numerous of the lowest scores come from South American nations.” Magazine: Crypto winter season can take a toll on hodlers mental health