Bitcoin’s “Coinbase Premium” hit a seven-month high following Donald Trump’s recent election victory. The premium, which tracks the price difference between Bitcoin on Coinbase and Binance, rose to its highest level since April 14. Analysts believe this reflects renewed interest in Bitcoin due to the election results.
Bitcoin reached a new all-time high of over $76,000 in the past 24 hours before slightly retracting to $74,950 as of press time.
