Bitcoin Searches Surge as Price Slides to $60K

Global Google searches for “Bitcoin” jumped sharply in the week beginning Feb. 1, according to provisional Google Trends data, as the cryptocurrency’s price briefly fell to the $60,000 area for the first time since October 2024. Searches reached a peak score of 100 for that week — the highest in the past year. The previous high was 95 during the week of Nov. 16–23, when Bitcoin dipped below the symbolic $100,000 mark.

Analysts often use Google search interest as a proxy for retail attention in crypto markets, which tends to climb during large rallies and sudden sell-offs. The recent spike in queries coincided with a sharp move lower: Bitcoin slid from about $81,500 on Feb. 1 to roughly $60,000 within five days, then partially recovered to about $70,740 at the time of publication, according to CoinMarketCap. That represents a 15.51% decline over the past seven days.

Some market participants say the current price band is bringing back broader retail interest. André Dragosch, head of Europe at Bitwise, posted on X that “Retail is coming back.” CryptoQuant’s head of research, Julio Moreno, also noted increased U.S. buying after the $60,000 drop, writing that the Coinbase premium turned positive for the first time since mid-January.

At the same time, other indicators point to significant investor caution. The Alternative.me Crypto Fear & Greed Index fell further to an “Extreme Fear” reading of 6 on Saturday, levels not seen since June 2022. That low sentiment has prompted some observers to frame the pullback as a potential buying opportunity. Crypto commentator Ran Neuner wrote on X that “every single metric is telling you that Bitcoin has never been more undervalued on a relative basis.”

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