Traffic growth on stock markets points to Bitcoin bull market

Bitcoin (BTC) exchanges in the US have reached unprecedented popularity.

Statistics source Alexa and Similarweb’s data show that Coinbase is among the 1,000 most popular websites worldwide.

Coinbase is among the most popular sites

The Bitcoin price reaching $ 42,000 in January seems to have triggered a wave of new users in some of the popular cryptocurrency trading platforms.

Cryptocurrency exchanges Gemini, Kraken and Binance US, which have been the focus of corporate participation in Bitcoin in recent months, have been among the most popular 10 thousand websites worldwide.

Though Binance surpasses Coinbase in terms of visits worldwide, Coinbase climbed to 386th most popular among US internet users.

Despite the downtime and other technical problems that Coinbase has been struggling with for a long time, the popularity of the crypto exchange has remained unchanged.

Morgan Creek Digital co-founder Anthony Pompliano“The Coinbase app was downloaded 1.3 million times in January. This is more than E-trade, TD Ameritrade, Charles Schwab, Fidelity and Sofi combined,” he noted.

Coinbase is the most popular crypto-focused finance app in the App Store. Binance and Binance.US are among the top 10.

The 10 most downloaded finance apps in the App Store. Source: Similarweb

BTC withdrawn from exchanges signals bullishness

Coinbase, which is a frequent destination for large amounts of transactions, has become a useful indicator to measure the market’s interest in buying or selling.

This week, large amounts of Bitcoin were withdrawn from the stock market and sent to private wallets. Analysts think this indicates that organizations continue to buy BTC for long-term investment.

BTC and BTC / USD parity from Coinbase Pro. Source: Ki Young Ju / CryptoQuant

BTC / USD, which has increased by 4.8 percent in the last 24 hours to $ 36,820, is trading at $ 36,000 as of the time of translation publication.

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