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Bitcoin Hits $111K as US Demand Peaks and ETF Inflows Cross $600M

Avatar photo Sonny S. Watts 10 months ago

On May 21, the Bitcoin Coinbase Premium Index (CPI) climbed to 0.05, its highest level since April 27, based on data from CryptoQuant. The chart shows a steady increase in Bitcoin’s CPI from May 8, when the index dropped briefly into negative territory at -0.008, before beginning its upward trend. The CPI measures the price […]

The post Bitcoin Hits $111K as US Demand Peaks and ETF Inflows Cross $600M appeared first on Coinchapter.

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.