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Bitcoin Coinbase premium returns — Is $90K BTC price in the cards?

by Jon Hartney

in Bitcoin, Blockchain, Business, Market

Bitcoin Coinbase premium returns — Is $90K BTC price in the cards?

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The return of the Coinbase premium highlights spot demand from various investor cohorts and strengthens traders’ calls for a Bitcoin rally to $90,000.

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The Bitcoin (BTC) Coinbase premium index reached its highest level since Feb. 20 after BTC prices rallied 5% on March 19.

Bitcoin’s Coinbase premium index. Source: CryptoQuant

The Coinbase premium index measures the price difference between Coinbase and Binance prices for BTC pairs, where a higher value signals US investors dictating stronger buying pressure. The index gauges US retail interest, but Woonminkyu, a verified analyst on CryptoQuant, said that it may also signal strong accumulation from US institutions and whales.

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Tags: Cointelegraph Cryptocurrency Investment Mining Bitcoin

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Arbitrum(ARB)$0.361817-3.15%
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ORA Coin(ORA)$4.885.92%
Sonic (prev. FTM)(S)$0.51-0.68%
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Jupiter(JUP)$0.52-1.42%
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