/?pid=bullish-coinbase-premium-returns-as-bitcoin-reaches-51-400-22317

Updated:06:50 PM EDT Jul 04


this is ggmania.com subsite Bullish Coinbase Premium Returns as Bitcoin Reaches $51,400 - TechAmok

Bullish Coinbase Premium Returns as Bitcoin Reaches $51,400 - [briefly]
04:29 AM EST - Feb,17 2021 - post a comment

Bitcoin set a new all-time high this morning after breaking the $50,000 barrier on Tuesday night, data from markets tool CoinGecko shows. The asset saw a record price of $51,421 after a sudden surge from the $49,000 price level last night. It had earlier set a high price in the $50,450 region on Tuesday-a move that quickly retraced within minutes at the time. But one key indicator is back on the right side for Bitcoin bulls, according to Cryptoquant CEO Ki Young Ju. Yesterday he noted that there was a negative premium on Coinbase, meaning prices were lower there than in the rest of the market. He argued that this would need to change for the cryptocurrency to rise further. Today, Ju pointed out that the premium has returned, showing a strong desire for Bitcoin by Coinbase's institutional traders. "$BTC Coinbase Premium looks good after breaking 50k. We can go higher now," he tweeted.

The move comes a day after business analytics firm MicroStrategy announced it would sell $600 million worth of convertible notes in an upcoming offering and use the proceeds to buy Bitcoin. Such a purchase would add to its big warchest of 71,079 BTC (valued at $3.7 billion at press time). Meanwhile, the euphoria runs high among crypto circles. Some industry participants say that institutions getting involved in the Bitcoin space mean a better long-term fundamentals for the volatile asset.

Short overview of recent news articles

Samsung Galaxy Z Fold 7 - Hands on Look (Jul,04 2025 )

RTX 5070 Ti vs RTX 5080 - Is 5080 Gaming Laptop Worth More $$$? (Jul,04 2025 )

FIRST DRIVE: Praga Bohema - Crazy Hypercar Driven! (Jul,04 2025 )

Ballerina - Exclusive John Wick Deleted Scene (2025) Keanu Reeves, (Jul,03 2025 )

Call of Duty: WWII - Remote Code Execution Warning (PC Game Pass) (Jul,03 2025 )

1014HP Lamborghini REVUELTO 369KMH TOP SPEED POV on AUTOBAHN (Jul,02 2025 )

Nvidia Drivers (V 576.80 vs V 576.88) - Test In 12 Games - RTX 4060 (Jul,01 2025 )

AMD Adrenalin 25.6.3 Driver Is Available (Jun,30 2025 )

NVIDIA GeForce RTX 5080 SUPER Could Feature 24 GB Memory, Increased (Jun,30 2025 )

Guess What Nvidia Did THIS Time (Jun,29 2025 )

The 10 Best Dinosaur Movies of All Time (Jun,28 2025 )

Microsoft officially confirms that Windows 11 version 25H2 is coming (Jun,28 2025 )

Eddington - Official Trailer 2 (2025) Joaquin Phoenix, Pedro Pascal (Jun,26 2025 )

Microsoft Say System Restore Points Now Expire After 60 Days (Jun,25 2025 )

Facebook, Netflix, and Microsoft Websites Hijacked to Insert Fake (Jun,25 2025 )

I put a $3000 GPU in my Average PC... It Was a Mistake (Jun,24 2025 )

Best External SSD for Mac 2025: After Weeks of Testing, Here's What (Jun,24 2025 )

Mostly boob jokes this week (RTX 5090 DD) - Tech News June 22 (Jun,23 2025 )

Superman - Official 30 Second Spot (2025) (Jun,21 2025 )

'The fastest road car I've ever been in!' - Ferrari F80 track day (Jun,21 2025 )

CPU SCAM: AMD Ryzen 9800X3D Counterfeits & Fraud (Jun,20 2025 )

28 Years Later Review (Jun,19 2025 )

HW News - NVIDIA "N1x" CPU Leak, ASUS Xbox ROG Ally, More Intel (Jun,18 2025 )

NVIDIA GeForce 576.80 WHQL Driver (Jun,17 2025 )

The Fantastic Four: First Steps - Official 'H.E.R.B.I.E.' Teaser (Jun,16 2025 )

Huawei Maextro S800 First Look - A True BMW & Mercedes Killer? (Jun,15 2025 )

Upgrade Windows 10 to Windows 10 LTSC Without Losing Data (Jun,14 2025 )

Squid Game: Season 3 - Final Games Trailer (Jun,14 2025 )

WWDC 2025: Everything Revealed in 9 Minutes (Jun,11 2025 )

Microsoft June 2025 Patch Tuesday fixes exploited zero-day, 66 flaws (Jun,10 2025 )

This Malware BREAKS WINDOWS! (Jun,10 2025 )

Reset Forgotten Password without Any Software, without USB drive in (Jun,10 2025 )

Microsoft Will Block Unsupported Hardware For Windows 11 (Jun,08 2025 )

Memory Wars! Apple vs Ryzen - Is Unified Memory Faster than Shared (Jun,08 2025 )

Predator: Killer of Killers - Exclusive Clip (2025) (Jun,06 2025 )

Enable Deep Effect on Samsung One Ui 7 (Jun,06 2025 )

Google Kills Off PayPal in Google Wallet (Jun,05 2025 )

Samsung's Next Flagship Foldable Will be Ultra (Jun,05 2025 )

Over 40 Malicious Chrome Extensions Mimic Popular Brands to Steal (Jun,05 2025 )

The Witcher IV - Unreal Engine 5 tech demo (Jun,03 2025 )

Nintendo Switch 2 Welcome Tour trailer (Jun,02 2025 )

Stranger Things 5 | Date Announcement | Netflix (Jun,01 2025 )

RTX 5060 Review... No wonder NVIDIA tried to stop us from talking (May,31 2025 )

Samsung Galaxy Watch 8 Classic Is Here - 7 New Updates (May,30 2025 )

Biggest Windows 11 24H2 May Update in the Main Release (May,30 2025 )

How Much Money Should You Spend on a Gaming PC? (May,29 2025 )

laud Note vs Note Pin - Which AI Voice Recorder To Choose (May,29 2025 )

Samsung One UI 8.0 vs One UI 7.0 - 25+ Changes (May,29 2025 )

SECRET CODE UPDATE for Samsung Galaxy Phone to Boost Performance & (May,28 2025 )

WhatsApp is finally available on iPad (May,27 2025 )

>> News Archive <<

TechAmok - Privacy Policy        loading time:0.01secs