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Coinbase premium surges amid strong buying power among U.S. market participants
Editor
2024-12-05 07:02 294
Golden Finance reported that data showed that the Coinbase premium (a key indicator of U.S. investors’ demand for BTC) surged for a short time. The price of BTC on Coinbase was once more than 300 US dollars higher than the price on Binance, indicating that a rebound in BTC prices may be Driven by strong demand from U.S. market participants. The Coinbase premium measures the difference in the price of spot BTC on Coinbase, which is widely used by U.S. clients and many institutional market participants, compared to the price of offshore Binance, the leading exchange by trading volume and popular among retail users. welcome. CoinDesk senior analyst James Van Straten pointed out that history shows that BTC may need multiple attempts to break through the psychologically critical level of $100,000.
Keywords: Bitcoin
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