on google Bitcoin The total number of searches for (BTC) decreased again, falling to the lowest level in the last three years.
The Google Search trend, highlighted in a post shared by Ki Young Ju, co-founder and CEO of crypto analysis platform CryptoQuant, was only 16 for the week covering October 1-7. determined.
Real Bitcoin Search Trend View
While Bitcoin is arguably the most prominent digital currency on the Web3.0 scene by market cap, it has significantly lost its place on the social sentiment scale measured by Google Search trends.
Koinfinans.com According to data as we reported at , BTC’s search interest volume has fallen from its All Time High (ATH) of 100 in the week ending May 22, 2021. In Google terms, a value of 100 indicates that the search word is at its peak of popularity, a value of 50 indicates that it is moderately popular, and a value of 0 indicates that the word does not have enough data to calculate its popularity.
Although Bitcoin is not worth 0, its value is highly appreciated. crypto- It is proof that you cannot survive the winter.
While the asset has also recorded a lower call value than it currently shows, overall declining sentiment suggests it is also not benefiting from the growing hype surrounding a potential spot Exchange Traded Fund (ETF) product that could soon be approved by the US SEC.
It’s worth noting that its woes are not outlandish, as Bitcoin isn’t as popular right now as it once was, while many Web3.0 terms have also fallen to their lowest search scores in years.
According to Google Search data from the same period examined, Bitcoin ETFTerms such as , Ethereum, Chainlink and Shiba Inu received 5, 7, 15 and 3 points respectively.
Of these, “XRP” managed to reach 17, surpassing the value of Bitcoin, which may have been boosted by its status as a non-security token, as has now been confirmed by a Federal US Court.