BitcoinLet’s check the why retail investors losing interest in Bitcoin because of the lowest Google Search

Bitcoin is a digital or virtual currency that operates free of any central control or the oversight of banks or governments. Instead, it relies on peer-to-peer software and cryptocurrency. Bitcoins are created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who operate computer systems that help to validate transactions.

Google Search is a search engine provided by Google. And it is a popular tool used to gauge general interest in trending topics. The main purpose of Google Search is to search for text in publicly accessible documents offered by web servers instead of other data, such as images or data contained in databases.

Bitcoin is down to policy changes from the US Federal Reserve to become more fiscally conservative. Goggle search shows Bitcoin has sunk due to its volatile performance over the last five months. The Bitcoin Google searches get down to the lowest levels since 2020.

Bitcoin Google Search:

The lack of massive price movements from bitcoin, the number of Google searches for the asset have declined to the lowest levels. Bitcoin currently shows a value of 30 for the week ending March 19, 2022. According to data from Google Search, the demand from retail investors in Bitcoin has declined in the past several months. In 2021, the price increased when Bitcoin went on a tear in April and later in November, ultimately peaking at $69,000.

However, the cryptocurrency started retracing once again, leading to a near-50% decline in about half a year. According to Google search, the cryptocurrency started retracing once again and led to a 50% decline in half a year which is expected as Google Trends data shows that the BTC searches dropped and declined to low levels seen in December 2020. it is the lowest level since the start of October 2021.

Google Search tends to rise during periods of extreme volatility, as potential investors look for information on bullish or bearish market activity. By June 2021, Google searches for Bitcoin had taken a sharp drop, almost halving to 53. This set off further declines in searches, and despite posting a new all-time high of $69,000 on November 10, Google Search interest failed to recapture the same level seen in May.

The Bitcoin Google searches get down to levels not seen in over a year. The popular Bitcoin Fear and Greed Index settled in a fear territory despite the Bitcoin’s two-day recovery after the below $40K levels. According to the Google Trends data, people across the world have been keen to find out more about the Ethereum merge that Google searches for it once peaked in popularity at once.

The Crypto ecosystem is growing more rapidly than it was at any point in time before, except for a few exceptions periods. Bitcoin is in the same phase. After every boom and bust comes rapid adoption and Bitcoin is gearing up for that. The data suggests there’s potential for further drops in the Bitcoin price to come. It shows only fear today but Bitcoin managed to recover the Monday retracement and hit the January 2021 ATH of $42,000.