Google Search Stops Displaying Bitcoin and Crypto Price Data
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Google Search appears to have stopped showing Bitcoin and other cryptocurrency price charts directly. Nevertheless, one can still access these charts through Google Finance.
Over the weekend, users on X noted that when they searched for Bitcoin’s price, no chart appeared in the search results. In contrast, when searching for stock prices, Google still provided charts.
Google’s decision has sparked conversations about the reasoning behind this shift. Some in the crypto community see this as a positive signal for Bitcoin, suggesting that traditional financial institutions may feel threatened by the growth or potential of cryptocurrencies.
Previously, Google provided charts displaying the current rates of leading cryptocurrencies, enabling users to check prices anytime. Consequently, this feature enabled users to see real-time or near-real-time price charts for Bitcoin without the need to navigate to another financial site or platform.
Bitcoin Search Volume Hits Year-Low
Separately, the search volume for “Bitcoin” on Google hit a 1-year low during the week of October 12, 2024. By week’s end, global interest in the term had plummeted to a mere 33 on a scale of 100.
Ryan Lee, Bitget Research’s chief analyst, noted that the last time Bitcoin’s search interest fell this low was between late January and early Feb. 2024. Following that, BTC’s price jumped from $41,000 to nearly $71,500, reaching a record high in six weeks.
Lee also pointed out that the “market stagnation” from May to Sept. 2023 offered a key opportunity to build positions ahead of a major market rise.
“Therefore, buying in during periods when BTC search volumes hit a low, when interest is scarce, remains a relatively rational and more certain strategy,” he said.
The post Google Search Stops Displaying Bitcoin and Crypto Price Data appeared first on Cryptonews.
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Google Search Stops Displaying Bitcoin and Crypto Price Data
Share:
Google Search appears to have stopped showing Bitcoin and other cryptocurrency price charts directly. Nevertheless, one can still access these charts through Google Finance.
Over the weekend, users on X noted that when they searched for Bitcoin’s price, no chart appeared in the search results. In contrast, when searching for stock prices, Google still provided charts.
Google’s decision has sparked conversations about the reasoning behind this shift. Some in the crypto community see this as a positive signal for Bitcoin, suggesting that traditional financial institutions may feel threatened by the growth or potential of cryptocurrencies.
Previously, Google provided charts displaying the current rates of leading cryptocurrencies, enabling users to check prices anytime. Consequently, this feature enabled users to see real-time or near-real-time price charts for Bitcoin without the need to navigate to another financial site or platform.
Bitcoin Search Volume Hits Year-Low
Separately, the search volume for “Bitcoin” on Google hit a 1-year low during the week of October 12, 2024. By week’s end, global interest in the term had plummeted to a mere 33 on a scale of 100.
Ryan Lee, Bitget Research’s chief analyst, noted that the last time Bitcoin’s search interest fell this low was between late January and early Feb. 2024. Following that, BTC’s price jumped from $41,000 to nearly $71,500, reaching a record high in six weeks.
Lee also pointed out that the “market stagnation” from May to Sept. 2023 offered a key opportunity to build positions ahead of a major market rise.
“Therefore, buying in during periods when BTC search volumes hit a low, when interest is scarce, remains a relatively rational and more certain strategy,” he said.
The post Google Search Stops Displaying Bitcoin and Crypto Price Data appeared first on Cryptonews.
Read More
XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics Firm