Google search curiosity for “Bitcoin” surged over the previous week as BTC briefly revisited the $60,000 stage for the primary time since October 2024.
Search curiosity hits a 12-month excessive
Google Traits information reveals worldwide searches for “Bitcoin” reached a rating of 100 for the week beginning Feb. 1.
That marked the best stage over the previous 12 months.
The prior peak was a rating of 95 in the course of the week of Nov. 16–23.
That earlier spike coincided with bitcoin slipping under the psychological $100,000 stage for the primary time in practically six months.
Worth whipsaw attracts consideration
Bitcoin fell from about $81,500 on Feb. 1 to roughly $60,000 inside 5 days.
It later rebounded to round $70,740 on the time of publication.
Analysts usually observe search exercise as a proxy for retail consideration, which tends to rise throughout sharp rallies or sudden sell-offs.
Bitwise’s head of Europe, André Dragosch, argued the newest soar suggests retail curiosity is returning.
Dragosch wrote on X:
“Retail is coming again.”
Different sentiment gauges stay weak
CryptoQuant head of analysis Julio Moreno mentioned US traders had been shopping for after bitcoin reached $60,000.
He pointed to the Coinbase premium turning optimistic for the primary time since mid-January.
In the meantime, the Various.me Crypto Concern & Greed Index fell additional on Saturday to an “Excessive Concern” studying of 6.
The extent was near lows not seen since June 2022.