"crypto" Google search volume hits its lowest point in nearly a year, investor sentiment drops to its lowest since the Terra collapse

ChainCatcher Message, Google’s global “crypto” search volume is currently hovering near the lowest point of the year at 30/100 (100 represents the highest search interest), reflecting weak investor sentiment. The total market capitalization of cryptocurrencies has fallen from a record high of over $4.2 trillion to approximately $2.4 trillion, and market trading volume has plummeted from $153 billion on January 14 to $87.5 billion on Sunday.

The Crypto Fear and Greed Index reached a historic low of 5 last Thursday, and slightly rebounded to 8 on Sunday, still in the extreme fear zone. This is the lowest level since the collapse of the Terra ecosystem and its dollar-pegged stablecoin in 2022. The Terra collapse triggered a chain of liquidations and accelerated the 2022 bear market.