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Bitcoin Price Taps $85K, But the Coinbase Premium Index Just Went Negative

Bitcoin.com News·September 21, 2026·1 min read
Bitcoin Price Taps $85K, But the Coinbase Premium Index Just Went Negative

Bitcoin broke $85,200 for the first time in over eight months, yet the Coinbase Premium Index slid below zero, indicating weak U.S. spot demand. BTC climbed about 6% over the past day, hitting an intraday high of $85,248 despite the negative premium gauge.

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