Altcoins News

Story: Bitcoin Jumps 12% as Coinbase Premium Spikes Higher

By Pankaj K

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Bitcoin climbed hard this week. The cryptocurrency surged 12% after getting hammered in recent sessions, with February 9 marking a pretty clear shift in how traders see things…

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The rally happened right as the Coinbase Premium shot up. For folks who don't track this stuff, the Coinbase Premium basically measures how much more expensive Bitcoin trades on…

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But market watchers aren't getting too excited yet. Bitcoin's been wild lately, swinging up and down in ways that catch even seasoned traders off guard.

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Glassnode dropped some interesting data on February 9. The blockchain analytics firm said the Coinbase Premium Index hit its highest level in months, which backs up what traders…

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The world's biggest crypto exchange reported trading volumes jumping as Bitcoin recovered. Traders were clearly active, probably trying to catch the bounce after Bitcoin's recent…

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JP Morgan analysts aren't buying the hype though. The bank's crypto team warned that external factors could still wreck Bitcoin's party.

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Bitcoin trades around $45,000 right now, according to CoinMarketCap. That's a solid recovery from where it was trading just days ago, but it's still way below the all-time highs…

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Cathie Wood's Ark Invest made moves on February 8. The firm bought more Coinbase shares as the premium was spiking, which is pretty telling.

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Kraken reported something interesting too. The exchange saw new account registrations surge over the past week.

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CryptoQuant released data on February 10 showing Bitcoin reserves on exchanges dropped recently.

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The crypto market remains pretty unpredictable. News moves prices fast, and sentiment can shift overnight.

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The Federal Reserve's latest monetary policy signals have crypto traders parsing every word from Jerome Powell's recent statements.

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Meanwhile, MicroStrategy continues building its Bitcoin treasury, with CEO Michael Saylor hinting at additional purchases during the company's latest earnings call.

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