TechFlow reported on September 29 that according to Cointelegraph, the latest data shows that Bitcoin is regaining popularity among retail traders. The number of official app downloads of Coinbase, the largest cryptocurrency exchange in the United States, has rebounded recently, which is seen as a signal that the retail investment boom in the cryptocurrency market may reappear.

Data from the analysis account Bitcoindata21 shows that the Coinbase app is usually ranked in the top 500 in terms of downloads on the Apple App Store. After briefly falling off the list this month, its popularity is recovering. As of September 28, the Coinbase app has climbed to 385th place. The number of app downloads shows a clear correlation with the price trend of Bitcoin. It entered the top 175 during the peak of the bull market, but fell out of the top 500 during the bear market.

In addition, the Coinbase premium (the price difference between the Coinbase BTC/USD and Binance BTC/USDT trading pairs) turned positive last week. However, research firm Santiment, which analyzes social media activity, believes that although the price of Bitcoin is only 10% away from its all-time high, it may take some time to reach a new high.