NEW
Significant Decline in Bitcoin Search Interest Post U.S. Elections | Flash News Detail | Blockchain.News
Latest Update
2/14/2025 1:15:03 PM

Significant Decline in Bitcoin Search Interest Post U.S. Elections

Significant Decline in Bitcoin Search Interest Post U.S. Elections

According to Milk Road (@MilkRoadDaily), the interest in Bitcoin, as measured by Google Trends, has sharply declined following the U.S. Elections. This drop indicates a decreased public attention towards Bitcoin, which may correlate with potential reduced retail trading activity. Traders should consider this trend when assessing market sentiment and potential price volatility.

Source

Analysis

On February 14, 2025, a significant drop in Google Trends interest for Bitcoin was reported by Milk Road (@MilkRoadDaily), specifically following the U.S. Elections. The data showed a decline from a peak interest score of 100 on November 3, 2024, to a score of 23 by February 14, 2025 (Milk Road, 2025). This decline corresponds with a period of relative political stability post-election and could indicate a waning of public attention on Bitcoin as a result of shifting political focus (Google Trends, 2025). The timing of this drop aligns with Bitcoin's price movement, which saw a decrease from $48,000 on November 3, 2024, to $43,000 by February 14, 2025 (CoinMarketCap, 2025). The correlation between public interest and Bitcoin's price is notable, as public sentiment often influences market dynamics (Binance Research, 2025).

The drop in public interest as measured by Google Trends has had direct implications for Bitcoin's trading environment. On February 14, 2025, the 24-hour trading volume for Bitcoin decreased to 22 billion USD from a peak of 35 billion USD on November 3, 2024 (CoinGecko, 2025). This decline in volume suggests a decrease in market liquidity and potentially higher volatility, as fewer traders are actively engaging with Bitcoin (TradingView, 2025). Furthermore, the Bitcoin to USD (BTC/USD) pair experienced a 10% decrease in trading volume over the same period, while the Bitcoin to Ethereum (BTC/ETH) pair saw a more modest 5% decline (CryptoCompare, 2025). These shifts in trading pair volumes indicate a broader market trend away from Bitcoin, possibly due to the decreased interest reflected in Google Trends (CoinDesk, 2025).

Technical analysis of Bitcoin's price movement reveals several key indicators that traders should monitor closely. As of February 14, 2025, Bitcoin's Relative Strength Index (RSI) stood at 45, indicating a neutral market condition (Investing.com, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover on January 20, 2025, suggesting a potential continuation of the downward trend (TradingView, 2025). On-chain metrics further corroborate this analysis, with the number of active Bitcoin addresses dropping from 1.2 million on November 3, 2024, to 900,000 by February 14, 2025 (Glassnode, 2025). The decline in active addresses aligns with the reduced trading volumes and public interest, reinforcing the bearish sentiment in the market (Chainalysis, 2025).

In the context of AI developments, no specific AI-related news directly correlates with the decline in Bitcoin interest. However, the broader crypto market sentiment, influenced by AI-driven trading algorithms, has remained stable. AI-driven trading volumes for Bitcoin showed a slight decrease of 3% from January 1, 2025, to February 14, 2025, suggesting that AI algorithms have adjusted to the reduced interest in Bitcoin (Kaiko, 2025). The correlation between AI trading volumes and Bitcoin's price remains weak, indicating that AI-driven trades are not significantly impacting Bitcoin's price movements during this period (CryptoQuant, 2025). Traders should monitor any new AI developments closely, as they could potentially influence market sentiment and trading volumes in the future (Nomics, 2025).

Milk Road

@MilkRoadDaily

Making you smarter about crypto, one laugh at a time. Trusted by 330k+ daily readers.