Bitcoin's Market Cap Rebounds to $64k, But US Demand Remains Weak

Bitcoin's market capitalization has rebounded to $64,000, but U.S. demand remains weak, according to recent data from Woofun AI and CryptoSavingExpert.

The Coinbase (COIN.US) premium indicator has continued to trade at a negative premium, despite the price recovery, which analysts have highlighted as a divergence between Bitcoin's market capitalization rebound and weak spot demand in the U.S.

Historically, a positive premium typically indicates stronger demand in the U.S. market, but in this case, it remains persistently negative.

The total market capitalization of all cryptocurrencies has approached $2.5 trillion, with Bitcoin's price movement remaining synchronized with the broader market, despite recent high volatility.