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.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter

Check Latest News Headlines

ADVERTISEMENT

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.