TechFlow news, September 29 — According to Cointelegraph, recent data indicates Bitcoin is regaining popularity among retail traders. The official app download volume for Coinbase, the largest cryptocurrency exchange in the U.S., has recently rebounded, signaling a potential resurgence of retail investment enthusiasm in the crypto market.
Data from analytics account Bitcoindata21 shows that the Coinbase app typically ranks within the top 500 downloads on Apple's App Store. After briefly dropping out of the list this month, its popularity is recovering. As of September 28, the Coinbase app climbed back to position 385. App download volumes have shown a clear correlation with Bitcoin’s price movements, having reached as high as the top 175 during bull market peaks and falling outside the top 500 during bear markets.
In addition, the Coinbase premium—the price difference between Coinbase BTC/USD and Binance BTC/USDT pairs—turned positive last week. However, research firm Santiment, analyzing social media activity, suggests that despite Bitcoin’s price being only 10% away from its all-time high, reaching a new peak may still take some time.
