Bitcoin (BTC) Price Rising to $52,000 Is Driven by Strong US Demand, Coinbase Price Premium Suggests

The so-called Coinbase Premium Index, which measures the difference in Bitcoin prices between Binance and Coinbase, the leading exchanges by trading volume, rose to 0.12 on Thursday, the highest since May 2023. data It is a product of analytics firm CryptoQuant. “The high premium valuation could indicate strong buying pressure on Coinbase from US investors,” CryptoQuant said.