Bitcoin No Longer Trading at a Premium on Coinbase, Data Show
Submitted by Anonymous (not verified) on Tue, 03/19/2024 - 10:10The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure.
The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure.
On-chain data shows a Bitcoin whale has suddenly moved around 16,003 BTC on the chain after staying dormant for more than five years.
In a thought-provoking statement on X (formerly Twitter), Balaji Srinivasan, the former Chief Technology Officer (CTO) at Coinbase and a notable fi
Data shows that Bitcoin Coinbase Premium has plunged into the red territory, which may explain why the asset’s price has crashed to under $68,000.<
The bank raised its price target for the crypto exchange to $150 from $95.

Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic.
Crypto exchange Coinbase (COIN) looks well-positioned to benefit from these growing inflows, the report said.

The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024.
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