CHART: Coinbase app popularity spikes during bitcoin's bull run
Crypto exchange Coinbase’s app rapidly spiked to an 8th spot in the US App Store rankings on Wednesday, but has since dropped to 70th place. The Coinbase app has mostly hovered between the 200th and 400th spot this year — except when bitcoin price has pumped. Popularity is a fleeting thing, however. The app tends to quickly shoot back down while bitcoin continues to rally. This most recent surge has followed the same pattern. Bitcoin’s bull run brought its price up from $68,000 to $88,000 from November 4 to November 13. The Coinbase app rose from 428th to 8th place over the same time period. The app’s ranking has since declined to the 70th spot, while bitcoin has continued to surge to $92,500. It hovers near this peak at press time. Coinbase app broke top 100 in March, too Protos has pulled app ranking data from the Coinbase App Rank Bot on X. Bitcoin traders track these rankings as an indication of heat. The bot pulls data twice a d...