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Bitcoin's Rise to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests

Massive inflows into spot bitcoin ETFs made headlines recently, but other metrics showcase U.S. investors' appetite for the asset.

By Krisztian Sandor|Edited by Aoyon Ashraf

Updated Mar 8, 2024, 9:38 p.m. Published Feb 15, 2024, 7:39 p.m.

Bitcoin's price premium on Coinbase hit a 9-month high Thursday, indicating strong U.S. demand, CryptoQuant data showed. (Jonathan Borba/Unsplash, modified by CoinDesk)