Google Search Interest for Bitcoin At Its Lowest in One Year | Weekly News Recap
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. It’s time for the weekly news recap. In today’s news feature: Bitcoin search interest is getting lower despite increasing prices.
Here are the latest crypto news stories in the last 24 hours.
Table of Contents
Market Updates 📈
Here are the crypto highlights of the week:
- Bitcoin is up 5.8% vs the previous seven days, now at $68,185.34.
- The weekly top gainer in the top 100 coins is APECOIN ($1.54), up 104% on the launch of its own blockchain.
- The weekly top loser in the top 100 is Bittensor ($575.24), down 10.3%
- Noteworthy: SUI ($2.07) is down 6.8% vs the past week.
Feature Story: Google Search Volume Hits Lowest in One Year
Google search volume for “bitcoin” has reached its lowest point since October 2023, despite a 142% rise in its price over the past year, The Block has reported.
- For the week ending Oct. 12, global search interest for “bitcoin” on Google Trends was 17, dropping to 14 this week. This is compared to 15 in October 2023, the lowest since its peak of 100 in May 2021.
- U.S. search trends show a similar decline, with last week’s value at 16, the lowest since 13 on Oct. 14, 2023.
In the Philippines, it is currently not in the lowest but still not in record levels compared to during the Bitcoin halving.
Note: In the past 12 months, Bitcoin’s price has surged from around $26,850 to $69,000.
What’s the takeaway: Despite low search interest, The Block said analysts suggest this may present an opportunity to invest, as past drops in interest have coincided with price increases.
Other details: Here are the Google Trends for Ethereum, Solana, and Crypto:
Ethereum:
Solana:
Crypto:
Let’s check out the weekly news recap:
Local Crypto News 🇵🇭
- Coins.ph listed the token $BDC and $SPX.
- Gabby Dizon, YGG Co-founder, shared that NFT and web3 gaming whales will be attending YGG Play Summit.
- Coins.xyz is set to launch in Australia.
- SparkChain Network announced that it has already sold 243 node key NFTS.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Former FTX executive Ryan Salame began serving a seven-and-a-half-year prison sentence at FCI Cumberland in Maryland after pleading guilty.
- Mt. Gox Bitcoin repayments have been delayed to October 31, 2025.
- Tether is exploring commodities trading and TradFi opportunities, separate from its stablecoin business, according to CEO Paolo Ardoino.
- Tesla transferred over $770 million in bitcoin to new addresses.
Educational Corner 🎓
This week, BitPinas featured various guides from where to buy a stablecoin to a gameplay to transferring funds.
- Where and how to buy: Celo $PUSO stablecoin
- Telegram game: Lumina Hunt
- How to transfer funds: eToro PH Exit
Regulation Watch 📜
Stay informed about the latest regulatory updates from here and around the world and what they mean for you:
- South Africa’s tax authority warns crypto holders to declare assets or face audits, as it ramps up compliance with support from local exchanges.
- FinCEN fined TD Bank $3 billion for failing to report over $1 billion in suspicious crypto transactions.
- Sen. Hagerty‘s draft stablecoin bill could shape 2025 regulation, especially if Trump wins, says TD Cowen.
- Dubai’s VARA claims to have balanced licensing time frames for crypto applicants, highlighting approvals for major exchanges like OKX and Binance.
Community Spotlight 🔦
The following people were feature in last week’s community spotlights:
- Stephen Guasch co-founder, Airdrop Ng Mga Bobo. (October 15)
- Christopher Rodil, Business Development Manager, Bitget. (October 17)
At the Scene 📍
On the ground activations and more:
- Web3 Metaversity Open Campus Day
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- A report highlighted that Uniswap’s new layer 2, Unichain, could generate $468 million annually for Uniswap Labs and UNI holders.
- Hyper Foundation announced the upcoming launch of the HYPE token for the Hyperliquid ecosystem.
- Paradigm executives launched Ithica, a web3 development firm, introducing its first project, Odyssey, a Layer 2 network on the Sepolia testnet.
- Ripple launched RLUSD, a USD-denominated stablecoin aimed at institutional use, designed for cross-border payments and DeFi applications.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Off The Grid briefly topped the Epic Games Store’s free-to-play charts.
- Double Jump Tokyo launched “The Rise of Bravery,” a Telegram mini-game airdrop event for Kai Sangokushi Taisen – Battle of Three Kingdoms.
- PiP World, a Dubai-based web3 gaming developer, raised $10 million in seed funding to enhance its educational gaming platform.
- The GAM3 Awards 2024 will feature a $5 million prize pool, celebrating top web3 games with voting open until November 15.
Upcoming Event 📅
- Bicol Blockchain Conference: October 26, 2024
- Tader’s Fair- Davao: October 26, 2024
- PH Startup Week: November 11. 2024
- Manila Bootcamp | Hackers League Hackathon: November 15, 2024
- YGG Play Summit: November 19-23, 2024
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