Google has removed Bitcoin price charts from search, but Dogecoin charts still remain accessible.
Bitcoin search volume hit a one-year low in October 2024, dropping to 33 out of 100 on Google Trends.
Analysts suggest low Bitcoin search interest may signal a market opportunity before potential price rises.
Google Search has removed the charts with current prices for Bitcoin and other popular cryptoassets, which was only noticed by users this weekend. Nevertheless, charts of other traditional stocks are still presented.
Google has not released any official statement on the decision to remove such tags but the decision has led to speculations within the cryptocurrency community as to why Google made that decision.
When users search for Bitcoin or any other cryptocurrency, they must navigate to Google Finance or other finance tabs to view real-time price graphs. This is a shift in functionality from the previous design, where Google search itself would provide charts with the current rate of various cryptocurrencies.
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However, some users complain that charts related to Dogecoin are still displayed after the search, meaning the change only extends to a portion of cryptocurrencies. The cryptocurrency chart's absence in search results has led to speculation about the reasons behind such a decision.
Some in the crypto space commented that such an action might indicate that traditional finance is starting to perceive threats from decentralized money and the potential of crypto assets. Currently, Google users who rely on Google for quick access to cryptocurrency prices will have no option other than to operate with this new change or turn to Google Finance for their market updates.
Bitcoin Search Interest Hits a Yearly Low
While this change in the search functionality has occurred, global search volume for Bitcoin has reached a one-year low. According to Google Trends data, interest in the search for “Bitcoin” showed lower interest levels during the week of October 12, 2024.
The global search volume on the last matching day was only 33 out of 100, the lowest level of interest according to the statistics for the past year. This sharp decline in search interest is reminiscent of a similar trend observed in 2024. At that time, Bitcoin showed the lowest level of interest between late January and early February.
However, this was offset by a sharp rise in the price of Bitcoin, rising from a low of around $41000 to almost $71500 in six weeks. Some analysts, like Ryan Lee of Bitget Research, believe that low search interest in Bitcoin can indicate a market opportunity. According to Lee, periods of stagnation, like the one observed from May to September 2023, often present an ideal time to build positions ahead of a potential market rise.
Community Reaction to Google's Change
The disappearance of the cryptocurrency price chart from Google Search has prompted various responses among the cryptocurrency community. Some dismissed it as a nudge, pointing out that those interested can find the information on Google Finance or other portals. Nevertheless, others consider this a tactful move that signals increasing resistance from traditional financial institutions toward the growing prominence of digital assets like Bitcoin.
For those who rely on real-time cryptocurrency data, Google’s decision marks a change in accessibility. Before the update, users could quickly check the current price of Bitcoin, Ethereum, or other cryptocurrencies directly from search results. Now, with this feature removed, viewing these charts requires an additional step.
Despite these concerns, it is worth noting that not all cryptocurrency-related features have been removed from Google’s platform. For instance, users can still access Dogecoin price charts and view the balances of Ethereum Name Service (ENS) addresses via Google Search.
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