Google's Crypto Chart Removal Sparks Speculation Amid Bitcoin Surge

14.10.2024 28 times read 0 Comments

According to an article by Crypto Times, Google has recently removed live price charts for Bitcoin and other cryptocurrencies from its search results. This feature, which allowed users to quickly check cryptocurrency prices since 2018, is no longer available when searching terms like "Bitcoin price" or "Ethereum price." While stock and index graphs remain visible in the search results, Google's decision regarding crypto charts remains unexplained as of now. Users can still access this information via Google Finance; however, updates on that platform seem outdated due to a technical issue.

Cryptocurrency Prices Surge: Bitcoin Above $64K

The Economic Times reports significant movements in the cryptocurrency market with Bitcoin surging above $64,000 while Solana and Ethereum also experienced gains up to 3%. The rise comes amidst broader positive economic indicators from both China and the U.S., contributing to increased buying sentiment across markets. Over $100 million worth of short positions were liquidated due to these upward trends in major cryptocurrencies.

Google Stops Displaying Cryptocurrency Data Directly in Searches

An analysis by Cryptonews highlights how Google’s recent removal of direct cryptocurrency data display might be perceived positively within some circles of the crypto community. Some speculate it signals traditional financial institutions feeling threatened by digital currencies' growth potential. Despite this change, real-time data remains accessible through alternative platforms such as Google Finance.

$100M Liquidations Triggered by Bitcoin's Rise Past $64K

A report from Coinspeaker details how traders betting against rising Bitcoin prices faced substantial losses following a surge past $64K, leading over 54,000 traders into forced liquidation totaling more than $167 million globally. Additionally noted was Mt Gox delaying asset returns until October 2025, calming fears about sudden sell-offs impacting current market stability, further supporting bullish sentiments around “Uptober.”

Bullish Start for Cryptocurrencies As Week Begins With Gains Above Key Levels

CoiDesk's latest update reveals that key players, including BTC, saw notable increases early Monday, driven partly by renewed hopes of Chinese stimulus measures alongside heightened demand for certain assets, resulting in an overall uptick amongst various sectors. Despite mixed reactions towards meme coins over the weekend, this suggests continued optimism heading into the final weeks of the election campaign season. Meanwhile, US equities reached new highs, bolstered by stronger-than-expected CPI and PPI figures released the prior week, indicating sustained core inflationary pressures. This potentially prompts a Federal Reserve rate cut during the December meeting session, yet to be confirmed officially, but discussed internally among respective departments and affected stakeholders. Interested observers watch these developments closely for possible implications on the wider economy.

Sources:

Your opinion on this article

Please enter a valid email address.
Please enter a comment.
No comments available