U.S. Demand Pushes Bitcoin to All-Time High
Bitcoin hits $112K as U.S. buyers drive demand, with Coinbase Premium Gap soaring to 42 points.
- Bitcoin reaches record high of $112,014
- U.S. buying pressure boosts Coinbase Premium
- Market sentiment turns extremely bullish
Bitcoin has officially reached a new all-time high, surging to $112,014. The spike comes as U.S. demand for the cryptocurrency reaches record levels. This is evident in the sharp increase in the Coinbase Premium Gap, which climbed to 42 points. A positive premium signals that Bitcoin is trading significantly higher on Coinbase (a U.S.-based exchange) compared to international platforms like Binance. This indicates strong buying activity from U.S. retail and institutional investors.
What is the Coinbase Premium Gap?
The Coinbase Premium Gap measures the price difference of Bitcoin on Coinbase versus Binance. A high premium suggests aggressive buying on Coinbase, typically by U.S.-based investors. This metric has been historically linked with bullish market behavior, as it reflects growing local demand that often leads to price surges. A 42-point gap is one of the highest on record, adding weight to the recent price rally.
Bullish Sentiment Continues
Market sentiment remains extremely bullish, supported by increased institutional interest, spot ETF inflows, and growing global adoption. Analysts suggest that if this momentum continues, Bitcoin could set even higher records in the coming weeks. Traders are now watching key psychological resistance levels and macroeconomic signals, particularly interest rate decisions and inflation data from the U.S.
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