Google alters Bitcoin search visibility: ‘Trying to suppress crypto!’

• Google has removed Bitcoin’s price chart from SERP.
• The king coin has made a strong comeback as it surged past $64K.

In an interesting development, Google has removed Bitcoin’s [BTC] price and chart from its main search page results. This change affected both desktop and mobile users, sparking interesting reactions from the community.

Expressing the disdain towards this step, a user on X wrote:

“They’re purposely trying to suppress crypto. They only silence things they are afraid of.”

Source: Google

However, upon closer inspection, AMBCrypto found that BTC’s price chart hadn’t been removed. Instead, it was moved to the Finance section.

This subtle shift has raised questions about Google’s intent, with many opposing this change.

Is Uptober finally starting?

Amid this backdrop, Bitcoin’s performance suggested that “Uptober” may finally take shape. The king coin started the week on a strong note, successfully breaching the critical $64,000 mark and reaching as high as $64,500.

At press time, it had dipped slightly, trading at $63,928—yet the bullish sentiment remained intact. This price increase caused the market capitalization to rise by over 1.63% over the last 24 hours, as per CoinMarketCap.

HODLing sentiment remains strong

After the recent volatility, this price uptick infused fresh optimism within the market. Notably, the rise comes at a time when Bitcoin exchange reserves hit their lowest level since late 2018, according to CryptoQuant.

The continuous decline in Bitcoin reserves on exchanges since early 2024 indicated that investors were increasingly choosing to hold their assets rather than sell, reinforcing the long-term bullish belief in the coin.

Source: CryptoQuant

What does the derivate data indicate?

Further supporting the optimism, AMBCrypto’s analysis of derivatives data from Coinglass revealed a higher number of short liquidations.

It suggested a short squeeze, where the rapid closure of short positions further propels prices upward as traders rush to cover their losses. 

Source: Glassnode

This trend could potentially drive further upward movement if the momentum sustains, as more participants re-enter long positions, expecting continued gains.

In addition, BTC’s trading volume surged by over 68% in the past day, indicating growing market participation.