Google’s global search volume for “cryptocurrency” is hovering near its lowest level in a year, reflecting weak investor sentiment amid a broader market downturn that has seen crypto market capitalization fall from a record high of more than $4.2 trillion to about $2.4 trillion.
As of this writing, the global search volume for “cryptocurrency” is 30 out of 100, with 100 indicating the highest level of search interest and last reached in August 2025, parallel to the highest market capitalization. According to Google Trends data, the lowest value in the last 12 months is 24.
US search volume followed a similar pattern, peaking at 100 in July and dropping below 37 in January. However, US searches jumped to a peak of 56 searches in the first week of February, deviating from global search data.
The annual low in the US was 32, set during the April 2025 market crash, which was accelerated by US President Donald Trump’s tariff policies.
Cryptocurrency market volume has fallen sharply, with total market volume falling from a high of more than $153 billion on January 14 to about $87.5 billion on Sunday, according to CoinMarketCap.
Google’s search volume data is often used as a measure of investor sentiment and supports other sentiment indicators such as the Crypto Fear & Greed Index, a market index used to measure crowd sentiment.
Related: Google search volume for “Bitcoin” surges due to BTC price fluctuations
Investor sentiment plummets as fear and greed index hits record low
The Crypto Fear & Greed Index hit an all-time low of 5 on Thursday, but inched up to 8 by Sunday, according to CoinMarketCap. Still, both levels indicate “extreme fear” in the market.
Crypto investor sentiment is currently at the same level as it was in 2022 following the collapse of the Terra ecosystem and its dollar-pegged stablecoin.
Terra’s collapse shocked the crypto world, sparking a wave of liquidations and accelerating the 2022 bear market.
According to market sentiment analysis platform Santiment, investors are now looking for social signals that the crypto market has bottomed out in order to time their entry.
“Crowd sentiment is extremely bearish. The ratio of positive to negative comments has collapsed, with negative comments reaching their highest level since December 1,” Santimento said in a report released Friday.
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