Google search interest for “Bitcoin” surged to its highest level in a year as the asset’s price briefly dropped to around $60,000, triggering renewed attention from retail investors.
Data from Google Trends showed global search volume hit a score of 100 for the week starting Feb. 1, surpassing the previous peak recorded in November when Bitcoin fell below the $100,000 psychological level. Analysts often use search activity as a proxy for retail participation, which typically rises during major market moves.
The spike in interest came as Bitcoin declined from about $81,500 to $60,000 within five days before rebounding near $70,740. Some market observers say the current price range is attracting retail buyers again, with signs such as a positive Coinbase premium indicating U.S. demand.
Despite this, broader sentiment remains cautious. The Crypto Fear & Greed Index dropped to “Extreme Fear” at 6, a level rarely seen since mid-2022, though some analysts view such depressed sentiment as a potential buying opportunity and argue Bitcoin may be relatively undervalued.#ADPDataDisappoints #MarketRally #USIranStandoff #BitcoinGoogleSearchesSurge $BTC
