The Coinbase Bitcoin Premium Index has shown negative readings for 90 consecutive days, from May 19 through August 16, marking the longest negative streak since the indicator was introduced. The previous record was 40 days, set between January 16 and February 24. The latest reading stands at -0.1066%. A negative reading means Bitcoin is trading at a discount on Coinbase relative to Binance. Bitcoin continues to hover around the $63,000 level.
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