Bitcoin Tops 91,000 as Coinbase Premium Goes Positive

Bitcoin's price has climbed above 91,000 as the Coinbase Premium Index turned positive for the first time in several weeks, signaling a resurgence in demand from U.S. traders and institutions. The shift occurred recently, following a prolonged period of negative readings that reflected weaker domestic buying pressure through much of November.

The Coinbase Premium Index measures the difference in Bitcoin prices between the U.S.-based Coinbase exchange and global platforms like Binance. A positive value indicates that Bitcoin is trading at a higher price on Coinbase, typically pointing to stronger buying interest from American investors compared to international sellers. Data shows the index moving from negative territory, around minus 0.1 percent, to a slight positive of 0.049 percent within a short timeframe. This marks the end of a roughly 24-day stretch of discounts on Coinbase, during which U.S. prices lagged behind global averages amid broader market caution.

The change aligns with Bitcoin's recovery from a seven-month low near 82,000 earlier in November. The cryptocurrency has since formed a higher low on daily charts and stabilized around 91,400, with the 90,000 level...