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Analysis: Coinbase Premium Index Hits 12-Month Low – What It Means for Bitcoin

BitcoinWorld LogoBitcoinWorld5d ago

Analysis: Coinbase Premium Index Hits 12-Month Low – What It Means for Bitcoin - BitcoinWorld

Quick Summary:

The Coinbase Premium Index has dropped to -0.237, its lowest level in the past year, according to CryptoQuant contributor Burak Kesmeci.

This decline coincides with Bitcoin’s fall to $91,500, driven by reduced liquidity and increased selling pressure at the end of 2024.

Without institutional inflows to stabilize or boost prices, Bitcoin may struggle to recover in the near term, especially in the face of continued selling pressure.


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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 13:37:04 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24819217

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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The story "Analysis: Coinbase Premium Index Hits 12-Month Low – What It Means for Bitcoin" was covered 5 days ago by BitcoinWorld, a news publisher based in India.

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  • News ID: #24819217
  • URL: https://beamstart.com/news/analysis-coinbase-premium-index-hits-1735827430913

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