Bitcoin Holds $80,000 as Coinbase Premium Turns Positive for First Time Since May

Bitcoin traded around $80,000 heading into the week, and every major cryptocurrency except HYPE gained over the prior 24 hours. Solana led the advance among large-cap tokens. Over the week, bitcoin added 9% and solana rose 20%, according to CoinDesk. A separate signal drew attention from traders: the premium at which bitcoin trades on Coinbase, a US exchange, over other venues turned positive for the first time since May. That premium is often used as a rough proxy for US buying pressure relative to the rest of the world, so a shift back into positive territory suggests renewed US-based demand is starting to show up in price. What remains unresolved is whether the move holds. The premium indicator has flipped before without producing a sustained rally, and traders are also watching Federal Reserve vice chair Kevin Warsh's upcoming Jackson Hole speech for signals on rate policy that could move risk assets broadly.