Partnered With:

Analyst: M2 Money Supply Nearing All-Time High, a Bullish Signal for Cryptocurrency

BlockBeats News, January 29th, CoinDesk Senior Analyst James Van Straten wrote that by December 2024, M2 money supply continued to rise and is now approaching a record high of nearly $22 trillion.

The ongoing growth of the M2 money supply is a bullish indicator for risk assets, as it means more liquidity is entering the system, and this liquidity typically first shows up in risk assets.

Source

Correction/Report

RelatedRecommended

The current state of cryptocurrencies: bearish or bullish?

When everyone is panicking, it often means we may be closer to the market bottom than we think.

Previous Call King Murad: 116 Reasons Why This Bull Market Isn't Over

What is the best crypto investment strategy after the Fed’s rate cut?

The crypto market has performed strongly in the past week, and the Federal Reserve's policy expectations of a rate cut have ushered in a global easing cycle.

Week 18 On-Chain Data: Macro Warmth and On-Chain Strong Signals, the Logic Chain and Outlook of BTC's "Summer Offensive"

The Block's 37 analysts' 2023 predictions: What are the new narratives, new trends, new developments?

On-Chain Activity