Bitcoin Price Jumps Above $7,350 As Reddit’s Crypto Activity Surges
After holding above $7,200 for more than three days, Bitcoin’s price has jumped to $7,374, according to the latest data on CoinMarketCap.
The total market cap of all cryptocurrencies is $240 billion, up about 2% over the last 24 hours.
Meanwhile, a moderator of the biggest crypto-related community on Reddit says traffic has spiked for the first time since December.
The moderator “BashCo”, who works on the Bitcoin subreddit, says a downward trend in traffic ended in August, a sign that more people are once again searching for information about crypto.
Visitor traffic to r/Bitcoin has been dropping every month since December 2017… UNTIL NOW. Bull market forming? https://t.co/QZ1qRA9cJL pic.twitter.com/OTrhy7kvig
— BashCo (@BashCo_) August 29, 2018
If the pace continues, the Bitcoin subreddit will likely hit 1,000,000 subscribers in less than three months.
That number of subscribers currently stands at 919,000.
Related: New USD Crypto Futures Bring Bitcoin, Bitcoin Cash, Ethereum, XRP and Litecoin to Institutional Investors
9/4/2018 This article has been updated to reflect the fact that the Bitcoin subreddit is heading toward one million subscribers.
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