Google searches for bitcoin hit five-year low
- —Global "bitcoin" index at 19, below the prior floor of 21 set in September 2023
- —French searches for "crypto" fell to 6, "bitcoin" to 16 and Ethereum to 2
- —BTC has ranged between $80,000 and $86,600 since Sept. 21, with volatility near yearly lows
- —US spot bitcoin ETFs saw $635 million in net outflows from Oct. 7 to Oct. 23
Why it matters: Search peaks have historically coincided with sharp price moves rather than predicted them, and the market is now dormant ahead of the Fed and US midterms.
Source: Journal du Coin