Coinbase Bitcoin Premium Hits 3-Month Low

The Coinbase Bitcoin Premium Index has hit its lowest point in nearly three months, with a reading of -0.1066% on August 16.

This extends the streak of consecutive negative readings to 90 days, surpassing the previous record of 40 days set between January 16 and February 24.

The index measures the price difference between Bitcoin on Coinbase Pro and Binance, with a negative reading indicating that Bitcoin is trading at a discount on Coinbase relative to Binance.