Crypto
US Demand for Bitcoin Rebounds as Coinbase Premium Turns Positive
Bitcoin's Coinbase premium has turned positive for the first time in 40 days, indicating a recovery of buying demand from US investors.
A CryptoQuant analyst noted that the shift suggests Bitcoin is trading at a relatively higher price on Coinbase compared to other major exchanges.
The Coinbase premium measures the gap in prices between Coinbase and other major exchanges. A positive reading means Bitcoin is more expensive on Coinbase, which could be a sign of increasing demand from US buyers.