Google Searches for ‘Crypto’ Near Yearly Lows as Market Rout Drags on Sentiment

Global search interest in cryptocurrencies has fallen close to its lowest level of the past year, underscoring deteriorating investor sentiment as prices and trading activity slide across digital asset markets.Worldwide Google search volume for the term “crypto” is currently 30 out of 100, near a 12-month low of 24, according to data from Google Trends. Search interest last peaked at 100 in August 2025, coinciding with a cycle high in total crypto market capitalization.The decline in attention mirrors a sharp market drawdown. Total cryptocurrency market capitalization has fallen from an all-time high of more than $4.2 trillion to roughly $2.4 trillion, while trading volumes have also contracted significantly.U.S. searches show brief divergenceSearch trends in the United States broadly tracked the global slowdown, falling from a peak of 100 in July to below 37 in January. However, U.S. search volume briefly rebounded to 56 in the first week of February, diverging from the global trend.The U.S. yearly low of 32 was recorded during the April 2025 market sell-off linked to tariff-related volatility under Donald Trump.Trading activity and sentiment indicators weakenMarket participation has also cooled. Total crypto trading volume fell from more than $153 billion on Jan. 14 to about $87.5 billion over the weekend, according to CoinMarketCap.Search data aligns with broader sentiment indicators. The Crypto Fear & Greed Index dropped to a record low of 5 last Thursday before edging up to 8, both levels firmly within “extreme fear” territory, according to CoinMarketCap.Current sentiment readings are comparable to levels seen during the 2022 collapse of the Terra-LUNA ecosystem, which triggered widespread liquidations and accelerated the previous bear market.Crowd sentiment turns sharply bearishOn-chain analytics firm Santiment said investor commentary has turned decisively negative as traders look for signs that the market may be approaching a bottom.“Crowd sentiment is fiercely bearish,” Santiment said in a report published Friday, noting that the ratio of positive to negative commentary has deteriorated sharply, with negative comments reaching their highest level since early December.The combination of weak prices, falling volumes, and subdued public interest suggests confidence remains fragile, even as investors closely monitor social and sentiment indicators for potential signs of stabilization.