US investors pushing Bitcoin (BTC) price higher right now, CryptoQuant community analyst says
Bitcoin , the largest cryptocurrency, is attempting to test the crucial level of $60,000 after its painful dropdown a couple of days ago. Largely, this upsurge should be attributed to the increased activity of U.S. investors, Coinbase Premium dynamics demonstrate.After spending two weeks in the red, Coinbase Premium, a crucial indicator of purchasing activity of U.S. Bitcoin investors, is returning to the green zone. During the worst moments of the latest collapse, it dropped to -0.
To provide context, when the Bitcoin price hit its first local high over $70,000, Coinbase Premium jumped to 0.4%. In mid-January 2022, the indicator dropped to -0.4%, data says.
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