Bitcoin’s ATH Refresh Marks Price Difference Between Binance and Coinbase Exchanges! What Does It Mean? Here Are the Details

Bitcoin’s price reached a new all-time high of $112,014, according to analysts at crypto data analysis firm CryptoQuant. Bitcoin Reaches All-Time High at $112,014: Premium Over Coinbase Shows US Demand With this rise, the Bitcoin price gap between Coinbase and Binance has also widened noticeably: the price on Coinbase is $42 higher than on Binance. This price difference, the Coinbase premium, is considered a strong indicator of strong demand from US-based investors. Analysts note that such positive premiums typically signal growing interest in Bitcoin from institutional or individual investors. However, this week’s $42 difference isn’t the highest it’s been in recent days. Last week, Coinbase’s premium climbed to $87.76, indicating a period of much more intense buying pressure in the market. Analysts made the following statements: The Coinbase premium is a key indicator of US investor demand. Despite prices reaching all-time highs, the positive premium suggests that buying interest in the market remains strong. This suggests the upward trend may not be over yet. While the Bitcoin market continues its path with new highs, the orientation of institutional investors, especially in the US, continues to play a determining role in pricing. *This is not investment advice. Continue Reading: Bitcoin’s ATH Refresh Marks Price Difference Between Binance and Coinbase Exchanges! What Does It Mean? Here Are the Details

Source: BitcoinSistemi