Global liquidity still supports the bullish dynamics of bitcoin.
A often underestimated engine continues to influence the evolution of bitcoin: the global M2 monetary aggregate, which maintains a close and positive correlation with the price of the digital asset. This indicator, which encompasses the money supplies of major economies converted into US dollars, generally impacts bitcoin with an average delay of about 12 weeks. The latest statistics show a new historical peak of this global liquidity. This factor helps support the upward trend observed since April, despite a complex fundamental context marked by a Federal Reserve determined to maintain a short-term restrictive monetary policy.
The US dollar, by strengthening or weakening, directly alters the total value of M2 expressed in dollars. This contributes to the extent of global liquidity and the evolution of bitcoin.
#BTC #XRPBoom #StrategyBTCPurchase