The cryptocurrency market is on high alert today after new data from CryptoQuant shows that the Coinbase Premium Gap for Bitcoin has turned negative for the first time in two months. This important metric may be signaling that buying demand in the United States is growing weaker, which could put more pressure on Bitcoin in the short term.
Coinbase’s Bitcoin Premium Turns Negative
For the past 60 days, Bitcoin has been trading at a higher price on Coinbase compared to Binance. This usually signals strong buying interest from U.S.-based investors, especially big institutions. Coinbase is preferred in the U.S. due to its regulatory trust and cleaner reputation.
But now, for the first time since late May, this premium has flipped. Bitcoin is cheaper…
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We 5guruayurveda.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on. For any glitch kindly connect at 5guruayurveda.com
