Google restores crypto price charts after brief suspension

10/17/2024 20:23
Google restores crypto price charts after brief suspension

The company, which relies on Morningstar and CoinMarketCap for crypto prices and metadata, temporarily disabled the feature due to data inaccuracies.

Over the weekend, Google temporarily suspended cryptocurrency price charts for bitcoin and ethereum, citing the fact that it had received “inaccurate data” from third-parties. The feature was restored on Thursday after the data issue was resolved.

Google generally allows users to see real-time financial data for cryptocurrencies above search results when users enter queries like “bitcoin price” or “ethereum price.”

Google's cryptocurrency prices are sourced from U.S. financial services platform Morningstar, while crypto metadata originates from CoinMarketCap. There is typically a three-minute delay for displaying the data, according to the company’s disclaimer underneath price charts.

“Google Finance provides a simple way to search for financial security data (stocks, mutual funds, indexes, etc.), currency and cryptocurrency exchange rates (‘Finance Data’). The Finance Data is obtained from various data providers and feeds into a unified format available for serving to users,” Google's disclaimer explained.

The price of bitcoin is currently trading at above $67,000, at the time of writing.

Prior to the restoration of the feature, speculation was rife on social media that Google had pulled access to the feature as a potential source of “censorship” or even as a possible method to temper bitcoin's upward momentum in a looming bull market. Some users pointed to former president Donald Trump’s recent endorsement of bitcoin as a motivating factor for the so-called censorship, but these theories were unsubstantiated.

Despite the temporary disruption and speculation, bitcoin's performance has remained strong. The cryptocurrency recorded recent weekly gains of 11%. “I think we’ll correct slightly – the final correction – and then from next week onward, [bitcoin will be] pushing toward a new all-time high,” MN Capital founder Michael van de Poppe said.

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