Yes. Go here: https://coinmarketcap.com/charts/ and select before February this year (big spike in volume) and look at the transaction volume chart below the price chart. Steadily increasing rather than jumping, going down and jumping again. I'm guessing transaction volume for Coinbase looks the same way, as people need fiat money for cryptocurrencies and others place fiat money in cryptocurrencies no matter if the price goes up or down.
Yes. Go here: https://coinmarketcap.com/charts/ and select before February this year (big spike in volume) and look at the transaction volume chart below the price chart. Steadily increasing rather than jumping, going down and jumping again. I'm guessing transaction volume for Coinbase looks the same way, as people need fiat money for cryptocurrencies and others place fiat money in cryptocurrencies no matter if the price goes up or down.