The collapse of several American banks associated with the digital economy provoked an increase in investor interest in exchanges and cryptocurrency services.
Digital assets have come to be seen as alternative and safer instruments as they are independent of the traditional US financial sector.
That is why the price of bitcoin soared by more than 15% in a week. Approximately the same amount increased the number of downloads of applications for storing and exchanging virtual currencies.
According to AppTopia, the most popular services are Coinbase, Crypto.com, Binance, Blockchain.com, KuKoin, Kraken, eToro, and BitPay.
At the same time, the number of downloads of applications of large banks, on the contrary, fell by about 5% over the week, according to the analysts’ report.
The surge of interest in the cryptosphere created the conditions for the March rebound of bitcoin, which today exceeded $27,000. The capitalization of the cryptocurrency market added 8.3%.
Truflation CEO Stefan Rust noted that today’s environment is reminiscent of bitcoin hype during the coronavirus pandemic. At that time, many investors also transferred part of their capital to digital currencies.
