Crypto Apps Dominate the US Finance App Rankings
Notably, as the bull market progresses, the crypto sphere is also attracting more new users. According to data from Appfigures, the top 5 free finance apps on the US iPhone app market are all related to cryptocurrencies:- Robinhood: An online broker that also provides crypto investment services.
- Coinbase: A US-listed cryptocurrency exchange.
- Cash App: Provides mobile payment services and supports Bitcoin trading.
- PayPal: The payment giant, which also offers crypto payment solutions.
- Crypto.com: A cryptocurrency exchange.
Regarding this, crypto KOL @_FORAB also posted on Twitter stating that the current signals are already maxed out:
The signals are really maxed out:
. Coinbase is back to the #2 spot on the Apple free rankings
. The Ethereum Foundation is selling coins again
. The Bangkok offline conference is officially open (Ethereum developer conference)
. Binance's funding rate reaches 0.04%
. Justin Sun starts to turn bullish
As for the signals he mentioned, it is most likely that the market may experience a relatively large correction. Because shortly after Robinhood and Coinbase occupied the "champion and runner-up" positions in the US App Store finance rankings (around April 2021), Bitcoin experienced a relatively large decline, and then the final wave of the rally began.
Bitcoin Keyword Searches Reach Peak
Additionally, according to Google Trends data, Bitcoin keyword searches also reached a peak of 100 yesterday, which usually indicates that people's interest in Bitcoin is increasing, and the attention to the crypto market is being enhanced.
Generally speaking, when the enthusiasm of retail investors reaches its highest point, it may be the time when the market is likely to be harvested, so please be cautious about possible short-term volatility.
