Reserve Dollar

United

2024

Bitcoin

Reserve

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 <li><strong>Bitcoin demand in the U.S. surged following the Federal Reserve’s indication of a potential interest rate cut.</strong></li>
 <li><strong>The Coinbase Premium Index spiked to its highest level since July, reflecting increased buying activity among U.S. investors.</strong></li>
 <li><strong>Bitcoin’s price rose by 5.45% to $64.28K, leading a broader crypto market rally</strong></li>
</ul>
<p>Bitcoin demand in the United States surged on Friday after the Federal Reserve signaled a forthcoming cycle of lower interest rates, <a href="https://x.com/jjcmoreno/status/1827074576565567882?t=Wu-l0kMe5gDhunV5VfFlSw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">according to</a> Julio Moreno, the head of research at Cryptoquant.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> demand in the US spiked today as the Fed signaled the cycle of lower interest rates will begin. <br><br>Price premium on Coinbase is the highest since July (green line). <a href="https://t.co/X4RREm3Uxb" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/X4RREm3Uxb</a></p>— Julio Moreno (@jjcmoreno) <a href="https://twitter.com/jjcmoreno/status/1827074576565567882?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 23, 2024</a>
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<p>This shift in monetary policy has led to a sharp increase in demand among U.S. investors, pushing the Coinbase Premium Index to its highest point since July.&nbsp;</p>
<p>Notably, the Coinbase Premium Index tracks the price difference of Bitcoin between the Coinbase exchange and other global platforms. On August 23, this metric spiked to 0.114, indicating that U.S. investors are paying a premium for Bitcoin on Coinbase.</p> … 
<p>The post <a href="https://coinedition.com/bitcoin-surges-to-64k-coinbase-premium-at-july-high/" rel="noopener noreferrer nofollow">Bitcoin Surges to $64K, Coinbase Premium at July High</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Surges to $64K, Coinbase Premium at July High

Coin Edition

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