5 months ago
Coinbase App Jumps 65% During BTC Rally But Where Are Retail Traders?
The Coinbase app's ranking in the US Apple App Store increased significantly, jumping 65% to reach position 137 amid a rise in Bitcoin's price. This suggests increased activity from everyday traders. However, other data presents a mixed picture. While YouTube engagement related to crypto is up, Google searches for Bitcoin remain lower than during the 2021 peak. The availability of Bitcoin and Ethereum ETFs, which have seen substantial inflows, may have changed how retail investors participate, making traditional indicators less reliable. Institutional investors are accumulating Bitcoin at a higher rate than the current supply. Also, the price of CRV jumped 20% after a golden cross.
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