Bitcoin Back Above $71,000 As Coinbase Premium Sees Green Spike
Summary
Bitcoin's price surged above $71,000 on Coinbase, with the Coinbase Premium Index showing a positive spike, indicating higher buying pressure on Coinbase compared to Binance. This suggests the influence of US-based institutional investors, with the potential for another buying streak following the recent surge. The surge has propelled Bitcoin to around $71,300, with its sustainability yet to be determined.
