Bitcoin’s Rally Is Heavily Driven by US Buyers — Is There a Market Risk?

Bitcoin price reached consecutive all-time highs in July, but two key indicators suggest the rally is heavily US-driven.   A growing divergence between US and Korean trading activity is raising questions about global participation — and market risk.   Coinbase Premium Surges Alongside US Bitcoin ETF Inflows The Coinbase Premium Index, which tracks the price difference between Bitcoin on Coinbase (USD) and Binance (USDT), has surged throughout July. This premium has climbed as high as 0 source: https://beincrypto.com/bitcoin-rally-us-demand-korea-kimchi-premium-warning/