Coinbase Bitcoin Premium Hits 50-Day Record Slump
The post Coinbase Bitcoin Premium Hits 50-Day Record Slump appeared on BitcoinEthereumNews.com. Coinbase Bitcoin Premium Index stays negative for 50 days as BTC trades near $64K-$65K resistance after rebounding from $58K. The Coinbase Bitcoin Premium Index has stayed negative for 50 days, according to Coinglass data. The streak began on May 19 and is now the longest on record. The latest reading is -0.0742%, showing Bitcoin trades lower on Coinbase than Binance. This gap is often used to track U.S. market demand. The previous record lasted 40 days, from January 16 to February 24. The current streak has also passed the roughly 30-day run seen during the “1011 crash.” Meanwhile, Bitcoin has rebounded from $58,000 to $59,000 toward the $64,000 to $65,000 zone. Still, the weak premium keeps U.S. demand concerns in focus. Coinbase Bitcoin Premium Hits Record Negative Run The Coinbase Bitcoin Premium Index tracks the price gap between Coinbase and Binance. A negative reading means Bitcoin t