Data from Sensor Tower shows that Coinbase has significantly improved its position in the Apple App Store rankings, coinciding with Bitcoin's price surge.
Coinbase's Rising Dynamics in App Store
Coinbase has risen to 137th place in the U.S. App Store, sharply improving from 386th position. This rise has been observed alongside Bitcoin's 10% increase, reaching an all-time high of $122,884 before settling at $118,294.
Analysts' Concerns and Opinions on Investor Return
The increase in Coinbase app downloads usually correlates with retail investor interest during bull markets. However, some analysts, such as André Dragosch, claim that interest remains muted, citing low search volume around 'Bitcoin' as evidence.
Bitcoin Accumulation Data Among Small Holders
Bitfinex analysts have stated that smaller holders of Bitcoin, possessing between 1 and 100 BTC, have been accumulating at a rate of about 19,300 BTC each month, significantly above post-halving supply.
Thus, current data indicates a significant increase in interest toward Coinbase and Bitcoin, although expert opinions on the return of retail investors remain divided.
