Bitcoin’s Coinbase premium hits 39-day high as $63K is reclaimed
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates.
Bitcoin buyer interest in the United States hit a 39-day high following the US Federal Reserve further confirming that interest rates were due to fall, according to recent data.
“Bitcoin demand in the US spiked today as the Fed signaled the cycle of lower interest rates will begin,” CryptoQuant Julio Moreno wrote in an Aug. 24 X post.
On Aug. 23, Bitcoin’s Coinbase Premium Index spiked to its highest point in 39 days. Source: CryptoQuant/Julio Moreno
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Author: Ciaran Lyons
