Global Google searches for “crypto” are at a 1-year low, reaching 26 worldwide and in the US. The drop in search volume follows the April crypto market crash and plummet in retail interest. Memecoins linked to the Trump family have lost over 90% in value, contributing to the weak sentiment.
The October crypto market crash resulted in nearly $20 billion in leveraged liquidations and caused some altcoins to plummet by up to 99%. Bitcoin fell from an all-time high above $125,000 to a low of around $80,000 in November. Investor sentiment remains fearful and cautious, reflected in the Crypto Fear and Greed Index.
The Crypto Fear and Greed Index hit a yearly low of 10 in November, indicating extreme fear among investors. Market sentiment has ranged from fear to extreme fear since the crash, currently at 28. While fear still prevails, there has been a slight improvement in sentiment over the last few months.
Read more at Cointelegraph: Google Search Volume for ‘Crypto’ Hovers Slightly Above the 1-Year Low
