Coinbase BTC premium hits one-month low after CLARITY vote falls short

Coinbase’s BTC premium index fell to -0.079 after the CLARITY bill failed to secure the 60 votes needed in the U.S. Senate, marking its lowest level in a month, CoinDesk reported. The reading means Bitcoin on Coinbase was trading about $50 below Binance, signaling weaker demand from U.S. investors. A CoinDesk analysis said the failed CLARITY vote, along with expectations for Federal Reserve rate hikes and rises in U.S. Treasury yields and international oil prices, was weighing on investor sentiment.