The uncertainty in the U.S. has cleared, and the Coinbase Premium Index has surged.
Following Donald Trump’s victory in the elections, Bitcoin reached a new all-time high (ATH). The buying activity of U.S. investors strengthened, and the Coinbase Premium Index moved rapidly into positive territory on an hourly basis.
Currently, the index has risen to 0.18. Looking at the Coinbase Premium Gap, as of the time this article was written, 1 Bitcoin is approximately $142 more expensive on Coinbase compared to Binance.
This indicates significant buying pressure on Coinbase. U.S. investors, as the driving force of the market, have once again taken center stage.
Written by burakkesmeci
