Bitcoin Price Taps $85K, But the Coinbase Premium Index Just Went Negative

Bitcoin’s price broke $85,200 earlier today for the first time in over eight months, yet the Coinbase Premium Index, the market’s favorite gauge of U.S. spot demand, slid back below zero. The Number That Didn’t Move BTC has climbed about 6% over the past day and printed an intraday high of $85,248 just as $260+ […]