🪙 Periods when Bitcoin's dominance declined often coincided with larger bull markets, the most recent of which was in late 2024. However, the rise in April suggests that attitudes toward BTC are changing as the asset becomes more popular. One of the trends that coincided with Bitcoin's rise was a sharp increase in the money supply. For example, for the G4 countries, it grew by a record $93 trillion. Such an increase in the indicator in the US, Japan, China, and Europe is positively correlated with the price of Bitcoin, Binance Research noted.
