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🚨 THE DATA THAT EXPLAINS THE CRISIS: THE USA STRUGGLING WITH BITCOIN AND CRYPTO 🚨
The data that best explains the cryptocurrency crisis in the United States is the significant decline in trading and demand for Bitcoin measured through the "Coinbase Premium".
This indicator compares the price of Bitcoin on Coinbase, the leading American platform, with the price on global platforms.
When the premium is low or negative, it means that U.S. demand is weak compared to the rest of the world.
Currently, the Coinbase Premium is in negative territory or very low, signaling that American investors are showing reduced interest in Bitcoin and cryptocurrencies compared to other regions.
This is also reflected in the decline of net inflows into spot Bitcoin ETFs in the USA, which are at their lowest in weeks, confirming that both retail and institutional clients are more cautious or are withdrawing their investments. The result is a market under pressure, with Bitcoin losing about 30% since the peak in October and technical support levels being tested.
The uncertain macroeconomic context, with data on inflation and monetary policies to monitor, fuels investors' caution, who prefer to reduce their exposure to risk.
The negative Coinbase Premium data is the clearest thermometer of languishing demand in the USA, thus explaining the current difficulty of Bitcoin and crypto in the American market.
#BTC90kBreakingPoint #FOMCWatch #MarketPullback #BTC
The data that best explains the cryptocurrency crisis in the United States is the significant decline in trading and demand for Bitcoin measured through the "Coinbase Premium".
This indicator compares the price of Bitcoin on Coinbase, the leading American platform, with the price on global platforms.
When the premium is low or negative, it means that U.S. demand is weak compared to the rest of the world.
Currently, the Coinbase Premium is in negative territory or very low, signaling that American investors are showing reduced interest in Bitcoin and cryptocurrencies compared to other regions.
This is also reflected in the decline of net inflows into spot Bitcoin ETFs in the USA, which are at their lowest in weeks, confirming that both retail and institutional clients are more cautious or are withdrawing their investments. The result is a market under pressure, with Bitcoin losing about 30% since the peak in October and technical support levels being tested.
The uncertain macroeconomic context, with data on inflation and monetary policies to monitor, fuels investors' caution, who prefer to reduce their exposure to risk.
The negative Coinbase Premium data is the clearest thermometer of languishing demand in the USA, thus explaining the current difficulty of Bitcoin and crypto in the American market.
#BTC90kBreakingPoint #FOMCWatch #MarketPullback #BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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