INSUBCONTINENT EXCLUSIVE:
Coinbase has climbed to rank 137 in the US Apple App Store in a sign that often heralds retail interest in crypto
However, the crypto industry is still divided on whether retail investors have truly returned
Sensor Tower data shows that Coinbase has jumped 65% in the US Apple App Store rankings over the past month, rising from 386 to 137 as
Bitcoin (BTC) surged 10% during the same period.Previous bull market peaks, Coinbase was in the top 175Bitcoin recently reached a new
all-time high of $122,884
It is trading at $118,294 at the time of publication, according to Nansen data.Bitcoin is trading at $118,294 at the time of publication
Source: NansenCointelegraph reported in September 2024 that Coinbase app downloads typically correlate with price performance; previous
market participants speculate that retail interest is returning to the crypto market, but others are not so sure.Crypto analyst Tony Edwards
the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply.They noted that holders
with balances between 1 and 100 Bitcoin have been accumulating approximately 19,300 BTC per month, significantly outpacing the current
Ether (ETH) exchange-traded funds (ETFs), traditional indicators of retail interest in crypto have become less reliable, as investors now
while spot Ether ETFs, which debuted in July 2024, have seen approximately $6 billion, according to Farside data.Magazine: Bitcoin OG Willy
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
