Coinbase bitcoin premium falls to one-month low after CLARITY Act failure
- —Coinbase BTC premium dropped to a one-month low
- —U.S. Senate rejected the CLARITY Act, weakening U.S. demand
- —Traders moved BTC to exchanges at a loss
Why it matters: The drop in the Coinbase premium signals weakening U.S. demand and pressure on the BTC price.
Source: Cointelegraph