Coinbase BTC premium turns positive for first time in 40 days

The Bitcoin Coinbase Premium Index turned positive for the first time in 40 days, reaching 0.0525% at 12:30 a.m. UTC today, according to Coinglass data. This index measures the price difference between the U.S. cryptocurrency exchange Coinbase and the global market average. A positive reading can be interpreted as a sign of strengthening buying pressure from the United States.