Wall Street Drives Week’s Priciest Bitcoin as U.S. Spot Buyers Turn Aggressive
On Friday the driver behind Bitcoin’s rally changed: U.S. spot market participants—led by Wall Street activity—stopped buying dips and began chasing strength, lifting Bitcoin to the week’s top levels. That shift came after nearly two weeks in which Bitcoin traded at a discount on Coinbase, and the aggressive bids closed much of that gap as buyers stepped in on momentum rather than weakness.
The change matters because it signals renewed institutional appetite and tighter price discovery in U.S. venues, which can compress arbitrage opportunities and amplify short-term moves. Traders should watch liquidity and order-book depth—momentum-driven markets can extend gains but also increase volatility. For investors, the episode underscores a more constructive backdrop for Bitcoin if institutional flows persist, while leaving room for rapid price swings if sentiment reverses.