Coinbase Downloads Surge as Bitcoin Price Performance Boosts Popularity

On September 29, COINOTAG news cited Cointelegraph to reveal insights from a chart produced by Bitcoindata21. The data indicates that Coinbase frequently ranks among the 500 most downloaded applications on the Apple AppStore. Recently, after a decline, its position rebounded to 385th as of September 28. Historical trends suggest that Coinbase downloads correlate with market price trends—during bull markets, Coinbase often climbs into the top 175, whereas in bear markets, it usually falls below the top 500. For instance, during Bitcoin’s historical highs ($20,000 in November 2020 and $69,000 to $74,000 in March 2024), there was a notable increase in user downloads of the app.