đą *Crypto Breaking News: Is Bitcoin Ready to Explode?* đ„
- *Negative Coinbase Premium*: According to a report by CryptoQuant, Coinbase Premium recently recorded a significant negative value. This index measures the difference in bitcoin prices on Coinbase Pro and Binance.
- *What Does It Mean?*: Typically, a positive value indicates strong buying pressure from US investors. Negative value? It means that demand from US investors is decreasing.
- *Remains Stable*: Despite the decreasing demand from the US, the price of bitcoin remains stable. This indicates that there is strong buying pressure on Binance.
- *Potential Spike*: CryptoQuant analysts believe that the price of bitcoin could surge if global demand increases. FOMO (Fear of Missing Out) could be the main trigger.
- *Current Price*: Bitcoin briefly touched $64,000 after the US Fed cut interest rates, and is now at $62,800. If the uptrend continues, bitcoin could hit another record high!
What do you think? Will bitcoin continue to rise? đŹ Let us know in the comments!