Coinbase Bitcoin Premium Registers Negative Value
đ According to a report by CryptoQuant analysts, the Coinbase Bitcoin Premium registered a significant negative value. This index measures the bitcoin price difference between Coinbase Pro and Binance.
đ While demand from US investors is decreasing, buying pressure on Binance is keeping the bitcoin price stable. Experts predict that the BTC price may rise with the increasing demand in global markets.
đ Bitcoin hit $64,000 after the US Federal Reserve's interest rate cut and is currently trading at $62,800. If global demand increases due to the FOMO effect, BTC may reach new highs.
