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Why are Americans Not Interested In Bitcoin?A quick check of Google Trends reveals that searches for "buy Bitcoin" in the United States have been steadily declining, hitting a low point in 2023 with less than 20 average daily searches. The only significant spike occurred in early September when it reached a score of 70, indicating increased curiosity and interest in purchasing Bitcoin, the world's most valuable cryptocurrency.Sentiment plays a crucial role in the cryptocurrency market, influencing prices. When sentiment is positive, crypto investors are more likely to hold onto their assets, hoping to profit from emerging trends. Conversely, during downturns, investors often seek safety, selling their holdings for stablecoins like USDT or cash. Sometimes, they may turn to well-established cryptocurrencies like Bitcoin or Ethereum, boosting their value.The cryptocurrency market's sentiment can be shaped by news events, regulatory changes, or influencer statements. For instance, Elon Musk faced legal action for allegedly manipulating Dogecoin prices for personal gain.Google Trends is a valuable tool for gauging crypto sentiment, but it's worth noting that interest in Bitcoin in the U.S. is currently at a yearly low, despite expectations of the SEC approving the first spot Bitcoin Exchange-Traded Fund (ETF).Analysts have been increasingly optimistic about the SEC green-lighting a Bitcoin ETF in late 2023 or early 2024, but it remains to be seen whether the agency will approve one or multiple products at the same time. In case of a disapproval, the SEC could face legal challenges, according to JPMorgan analysts.Anticipation of a Bitcoin ETF and the upcoming Bitcoin halving in 2024 have driven the coin's price to new highs above $35,000 in 2023, with traders expecting further gains while the market continues to evolve.EDITED AND PUBLISHED BY : Queen_crytpoNews