Bitcoin Surpasses $95,000 as Coinbase Premium Gap Stays Positive
Bitcoin's price increased by over 10% in the past week, surpassing $90,000 after being below $87,000 for two months. Recent on-chain data indicates a potential positive shift in investor sentiment, suggesting a possible return of the bull cycle.
Market Insights
- A crypto analyst noted that rising interest from ETF investors may have contributed to Bitcoin's recent bullish momentum.
- The Coinbase Premium Gap, tracking the price difference between Coinbase and Binance, has remained positive for over 265 hours, indicating strong US-based investor activity.
- This trend is historically linked to positive price movements and accumulation phases for Bitcoin.
Current Price Status
Bitcoin's price has reached above $95,000, marking a 2% increase in the last 24 hours and over 13% growth in the past week.
