Coinbase users significantly influence the growth of BTC cryptocurrency quotes

Bitcoin (BTC) continues its impressive price rally, reaching new heights. According to the CryptoQuant platform and its founder Ki Yong-ju, the driver of the current growth is the actions of investors from the United States, especially those using the Coinbase exchange. The premium, which shows the difference in price between the platform and the average market value, has increased dramatically. This indicates a high activity of buyers. The impressive growth of the premium started from the end of October, when the value of bitcoin was around $64,000. Since then, the trend has demonstrated a steady dynamics, bringing the price of the asset closer to the marks above $90,000 with each passing day. The green dots on the chart published by the expert reflect positive changes associated with increased demand from US market participants. The peculiarity of this situation is that Coinbase is traditionally considered a popular exchange among institutional and retail investors from the US. The increased premium indicates their active participation in the current market trend. The expert attributes such interest to the launch of bitcoin-ETF and the general macroeconomic situation, including the weakening of the dollar.

It should be noted that American investors are not just moving the market up, but also forming a new wave of confidence in BTC as an investment instrument. High demand on platforms such as Coinbase emphasizes the cryptocurrency’s transition from a speculative asset to a more sustainable financial instrument. The

rally also confirms the global change in bitcoin’s perception. Despite the dominance of the US in the current wave of buying, interest in cryptocurrencies remains strong in other countries as well. The question of why Asia, previously active in market movements, is still in the background is of interest and requires further analysis.