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Bitcoin, Ethereum, Dogecoin Surge Amid Heightened US Demand For Bitcoin: Analyst Highlights ‘Sell Signal’ On BTC Daily Chart

Major cryptocurrencies continued to surge on Thursday evening, propelled mainly by the strong demand from U.S. investors for the largest cryptocurrency BTC.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD+0.15%$52,073Ethereum ETH/USD+1.62%$2,842Dogecoin DOGE/USD+0.78%$0.086

What Happened: BTC has been trading at its highest premium in 9 months on the U.S.-based crypto exchange Coinbase.

The “Coinbase Premium Index,” which gauges the price variance for Bitcoin on Coinbase versus Binance surged to 0.12 on Thursday. This marks its peak reading since May 2023, as revealed by data from analytics firm CryptoQuant. 

“High premium values could indicate US investors’…

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