Trump temporarily leads in the election, Bitcoin's "Coinbase Premium Index" rises to a two-month high

Odaily News The key indicator of US demand for Bitcoin, the "Coinbase premium", is positive again, perhaps because Trump, the Republican candidate who supports cryptocurrency, is temporarily ahead in the US election. According to data tracked by the analysis company CryptoQuant, the indicator turned positive in early Asian trading on Wednesday, jumping to 0.06, the highest level since September 14. Analysis points out that when cryptocurrencies trade at a premium on Coinbase, price increases are more sustainable, reflecting stronger buying pressure from mature traders and US institutions. (CoinDesk)