The recent resolution of political uncertainty in the U.S. has positively impacted the cryptocurrency market, as evidenced by the surge in the Coinbase Premium Index. Following Donald Trump's election victory, Bitcoin achieved a new all-time high, driven by increased buying activity from U.S. investors. The Coinbase Premium Index, which measures the price difference of Bitcoin between Coinbase and other exchanges, has moved into positive territory, currently standing at 0.18. This indicates that Bitcoin is approximately $142 more expensive on Coinbase compared to Binance, highlighting strong buying pressure from U.S. investors.
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