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Bitcoin hits two-month high, but U.S. demand lags behind global market
Source: CryptoNewsNet Original Title: Bitcoin prices hit two-month high, but U.S. demand lags, key signal shows Original Link: Bitcoin’s price hit two-month highs above $95,000 on Tuesday, but U.S. investors aren’t buying as much as people overseas. A key measure called the “Coinbase Premium” shows this gap clearly.
This metric compares bitcoin prices on U.S. platforms with prices on offshore exchanges. Right now, bitcoin costs less on U.S. platforms than on certain offshore exchanges, even as prices rise overall. That means more Americans might be selling than buying.
“A negative premium suggests lower Bitcoin prices on U.S. platforms compared to the global average, indicating strong selling pressure and potential capital outflows from the U.S. market,” according to crypto market analysis.