Bitcoin, the largest cryptocurrency, was up a whopping 43 percent off today’s low at 4:53 p.m. UTC on the Coinbase exchange, nearing $43,000.
It took the flagship cryptocurrency less than four hours to pare almost all of its recent losses after collapsing to $30,000 at 1:10 p.m. UTC.
Advertisement
Advertisement
Wed, 05/19/2021 - 16:02
Ark's Cathie Wood Predicts Bitcoin Could Hit $500,000, Says Correction Is Good for ETF Approval
The widely-watched index tracks the gap between the USD price of Bitcoin on Coinbase and Binance.
Given that Coinbase is popular with large institutional players, the growing premium can be treated as a bullish indicator.
Crypto Market Review: XRP in Deep $1 Waters, Shiba Inu (SHIB) — Worst Price Nosedive of 2026, Is Bitcoin (BTC) in Danger of Hitting $50,000?
Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule
Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News
Morning Crypto Report: XRP in -77% Breakdown Danger, Massive 100,000 ETH Binance Dump by Satoshi-Era Bitcoin Whale, Cardano's Forgotten +25% February Wins
Arman Shirinyan
Alex Dovbnya
Denys Serhiichuk