Google search interest for the term “Bitcoin” surged over the past week as the cryptocurrency’s price briefly dropped to around $60,000 for the first time since October 2024.
According to Google Trends data, global searches for “Bitcoin” reached a score of 100 during the week beginning Feb. 1, marking the highest level recorded in the past 12 months based on partial weekly figures.
The previous high came in the week of Nov. 16–23, when search interest peaked at 95 as Bitcoin fell below the key $100,000 psychological threshold for the first time in nearly six months.
Crypto analysts often view Google search trends as a key indicator of retail interest in Bitcoin and the wider crypto market, with search activity tending to spike during major price swings — particularly during all-time high rallies or sudden market sell-offs.
The renewed interest comes after Bitcoin slid from roughly $81,500 on Feb. 1 to near $60,000 in just five days, before recovering to $70,740 at the time of publication, CoinMarketCap data shows.
Some market watchers believe Bitcoin’s current price range is attracting renewed interest from retail investors. Bitwise Europe head André Dragosch wrote in an X post on Saturday that “retail is coming back.”
At the same time, CryptoQuant head of research Julio Moreno said in a separate X post that US investors have been accumulating Bitcoin since it touched $60,000. Moreno noted that the Coinbase premium has turned positive for the first time since mid-January, signaling stronger buying demand from US-based traders.
However, other indicators point to continued caution across the crypto market. The Alternative.me Crypto Fear & Greed Index slipped further on Saturday, falling to an “Extreme Fear” reading of 6 — levels not seen since June 2022.
The sharp drop in sentiment has prompted some market participants to argue it may represent a potential buying opportunity. Crypto analyst Ran Neuner wrote in an X post on Friday that “every single metric is telling you that Bitcoin has never been more undervalued on a relative basis.”
