Bitcoin Coinbase Premium Hits 14-Day Bullish Record

The prolonged positive Coinbase premium for Bitcoin has sparked interest in the cryptocurrency market. According to recent data, the btc-42 index has been consistently above zero for 14 consecutive days, surpassing its previous record since the historical high of $126,000.

This trend is significant as it suggests that institutional investors in the United States are actively purchasing Bitcoin. As the preferred exchange for these institutions, Coinbase's premium indicates a strong demand for BTC from corporate treasuries, hedge funds, and ETFs.