Coinbase Premium Index Shows Sign of Weakness Despite Bitcoin Surge

The post Coinbase Premium Index Shows Sign of Weakness Despite Bitcoin Surge appeared first on Coinpedia Fintech News

Bitcoin’s recent price surge to $107K has caught attention, but a key indicator is showing a potential warning. The Coinbase Premium Index, which tracks Bitcoin demand in the U.S., has been declining even as Bitcoin’s price rises. This divergence suggests that while Bitcoin’s value increases, it might not be fully supported by U.S. investor demand. With significant factors like the upcoming Bitcoin ETFs and the U.S. presidential election influencing the market, this trend raises concerns about the strength of Bitcoin’s upward momentum.