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Bitcoin U.S. demand slumps; Coinbase premium hits lowest since July

Signs are emerging that U.S. demand for bitcoin is weakening, with the Coinbase premium index falling to its lowest level since July, CryptoPolitan reported. The price gap between Coinbase and global markets stood at minus 0.19 percent. In October the index widened its negative reading as bitcoin moved between $80,000 and $85,000. Analysts cited continued selling pressure from large U.S. investors even as on-chain accumulation persisted.