The Google search volume for "crypto" has reached a near annual low, with investor sentiment dropping to its lowest since the Terra collapse

Google's global "crypto" search volume is currently hovering near an annual low of 30/100 (with 100 representing the highest search interest), reflecting weak investor sentiment. The total market capitalization of the crypto market has fallen from a historical high of over $4.2 trillion to about $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 hit a historical low of 5 last Thursday, and slightly rebounded to 8 on Sunday, still in the extreme fear range. This is the lowest level since the collapse of the Terra ecosystem and its dollar-pegged stablecoin in 2022. At that time, the Terra collapse triggered a wave of liquidations, accelerating the bear market of 2022.