The price of Bitcoin on the Coinbase exchange is trading at a premium, indicating increased demand in the United States. This is attributed to reports of early success for pro-crypto Republican candidate Donald Trump in the US election. The "Coinbase Premium Index" measures the price difference between Coinbase and offshore exchange Binance, with the positive premium on Coinbase suggesting stronger buying pressure from sophisticated traders and US institutions. Bitcoin rose over 2% as early results showed Trump leading in certain states. On prediction platform Polymarket, traders are now giving a 75% chance of Trump winning the election.



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