BTC Coinbase Premium Turns Positive, Signaling Buying Pressure from US Investors
CryptoNewsTerminal Staff08 Aug, 2024
BTC Coinbase Premium Turns Positive, Signaling Buying Pressure from US Investors
The Bitcoin Coinbase Premium, which is the price difference between Coinbase and Binance, has turned positive. According to CryptoQuant contributor IT Tech, this indicates strong buying pressure from US investors. A positive Coinbase Premium suggests that US investors are willing to pay a premium to buy Bitcoin on Coinbase, which could be a sign of increased demand and optimism in the US market. It is worth noting that the Coinbase Premium can be influenced by various factors, such as regulatory announcements, exchange outages, and market sentiment.