Bitcoin dips below $60K as Coinbase faces increased selling pressure

Bitcoin has taken a nosedive below $60,000. Early this morning, the price difference between Coinbase’s BTC spot and Binance’s BTC/USDt was -0.285%, as shown by data from CryptoQuant. This is the lowest negative premium since May 1, hinting at more selling pressure from U.S. investors on Coinbase. The market is dealing with a huge supply

Source: Cryptopolitan