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US M2 Money Supply Reaches $23.34 Trillion While Bitcoin Price Lags Behind
(4 hours ago) · 1 source · Summarized by CryptoBipto
The US M2 money supply has reached a record $23.34 trillion. Despite a historical correlation between money supply growth and Bitcoin price increases, Bitcoin has not followed the upward trend this time. Analysts are examining possible reasons for the divergence.
WHY IT MATTERS
Money supply refers to the total amount of money available in an economy.
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SOURCES
- beincrypto.com
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BTCM2 Money SupplyBitcoin PriceMacroeconomicsMarket Correlation