As the price of Bitcoin rises, the market has attracted more new investors, especially retail investors' demand is picking up. What is the most direct indicator of human emotions? Of course, it is the Google search index of Bitcoin and the download volume of related cryptocurrency applications. Recently, the search index of Bitcoin has risen in tandem with the price, and the download volume rankings of Coinbase and Robinhood have quickly ranked in the top three by category. When inspecting, many people feel that this indicator has become invalid. In fact, it is very accurate. Only when Bitcoin continues to rise sharply will retail investors become interested. Around me, people who have never known about cryptocurrency have begun to ask me about Bitcoin, which is the best evidence of the Bitcoin bull market. So judging from the download volume of cryptocurrency applications, American investors have become very active, and the recent upward momentum mainly comes from the US market, which has led to greater volatility in Bitcoin prices.
Since Trump was successfully elected as the US President, the market's risk appetite has also clearly turned positive, and the short-term upward trend and momentum are very likely to continue for some time to come.
