Coinbase Bitcoin Premium Negative 48 Days, Memecoin Share Hits 3.7% Low

Coinbase Bitcoin premium stays negative for a record 48 days. Meanwhile, memecoin market cap share of altcoins drops to 3.7%, a near three-year low.

Woofun AI data shows that the Coinbase Bitcoin premium index has remained in negative territory for 48 consecutive days, marking a new record for the longest such streak.

Additionally, the memecoin market capitalization as a proportion of the total altcoin market cap has declined to 3.7%, reaching a level not seen in nearly three years.