The current Bitcoin (BTC) rally is witnessing a major boost with global liquidity reaching an unprecedented level of $94 trillion, according to a new analysis conducted by Philip Swift - founder of the blockchain data analysis platform LookIntoBitcoin - paving the way for further rises. Potential in the price of Bitcoin.
Global liquidity has reached an unprecedented level
The most important chart for this bull run has just made a new all-time high. Are you ready#bitcoinpic.twitter.com/hZsF6ljsvR
— Philip Swift (@PositiveCrypto) June 5, 2024
On June 5, Philip Swift published an analysis showing that global liquidity - measured by the M2 global money supply index - had reached an all-time high in US dollar terms. The M2 index now stands at $94 trillion, exceeding the previous peak, $3 trillion higher than it was when the price of Bitcoin reached its previous high of $69,000 in late 2021.
Experts see this recovery as massive compared to the low of $BTC
The partnership between Binance and Mastercard is of great importance in the cryptocurrency and financial sectors, as it blends traditional finance with innovative digital assets. This collaboration allows Binance users to seamlessly spend their cryptocurrencies using the Binance card powered by Mastercard, effectively bridging the gap between cryptocurrencies and everyday transactions. One of the main benefits is **increased accessibility**. With Binance Card, users can pay in crypto at millions of merchants around the world that accept Mastercard, making spending with crypto more practical and convenient. This mainstream acceptance of digital currencies could lead to broader adoption and integration into the global economy. **Enhanced user experience** is another advantage. The partnership ensures that users can enjoy the same security and convenience associated with Mastercard, while benefiting from Binance's comprehensive crypto services. This involves converting cryptocurrencies into fiat currencies in real-time at the point of sale, simplifying the process for users. Additionally, the partnership highlights **an important step towards financial inclusion** and by enabling cryptocurrency transactions, it provides an alternative financial system to the unbanked and underbanked population, providing them with access to markets
The current Bitcoin (BTC) rally is witnessing a major boost with global liquidity reaching an unprecedented level of $94 trillion, according to a new analysis conducted by Philip Swift - founder of the blockchain data analysis platform LookIntoBitcoin - paving the way for further rises. Potential in the price of Bitcoin.
Global liquidity has reached an unprecedented level
The most important chart for this bull run has just made a new all-time high. Are you ready?#bitcoin pic.twitter.com/hZsF6ljsvR
— Philip Swift (@PositiveCrypto) June 5, 2024
On June 5, Philip Swift published an analysis showing that global liquidity - measured by the M2 global money supply index - had reached an all-time high in US dollar terms. The M2 index now stands at $94 trillion, exceeding the previous peak, $3 trillion higher than it was when the price of Bitcoin reached its previous high of $69,000 in late 2021.
Experts believe that this recovery is enormous compared to the lowest point #Binance #bitcoin
90% increase due to upcoming live streams on YouTube Solana Network's GME24 sees 90% increase due to upcoming YouTube live stream by Roaring Kitty “Note👈 if you are suffering from fraud on P2P📲 or in shopping operations 🌐🧳 all you have to do is visit the first pinned post on my personal page😘” According to Odaily, Solana Network's GME24 saw a significant increase of over 90% due to an impending live stream on Youtube by Roaring Kitty. This was noticed by blockchain analyst @ai_9684xtpa. On June 3, the smart money address AKGoP...eL642 spent 12,110 Sol to buy 136 million GME tokens. The floating earnings for this title later expanded to $1.05 million. At the time of purchase, the tokens cost just $0.01514 each, while the current price is $0.023. This indicates a great return on investment for the title owner. The surge in GME24 value has been largely attributed to the anticipation surrounding Roaring Kitty's upcoming YouTube live stream. The Solana network is gaining traction in the cryptocurrency market, and this recent rise in the value of GME24 highlights its growing influence. The influence of social media influencers on cryptocurrency prices is a trend that continues to shape market dynamics. #youtube
Crypto Influencers Report Mysterious Follower Freeze on X: Time to Migrate to Binance Square? Prominent crypto influencers like PlanB, Raoul Pal, Crypto Rand, and Randi Hipper have noticed a puzzling halt in their follower growth on X (formerly Twitter), sparking concerns about potential shadow banning by the platform’s algorithm. Shadow banning involves making a user's content less visible or invisible to others without notifying the user. While users can still post and engage, their content might be hidden, reducing its reach and engagement. This technique helps platforms moderate content discreetly, but can leave users feeling confused and unfairly targeted. Influencers Speak Out - PlanB, known for his stock-to-flow Bitcoin model, recently highlighted the issue, suggesting his follower growth has stalled inexplicably. - Raoul Pal, founder of Real Vision and a former hedge fund manager, shared that his follower count has been stuck at 1.045 million for months. He described this stagnation as unusual given his account's historical growth rate. - Crypto Rand mentioned his account has been stagnant at 300,000 followers for a year and a half, a stark contrast to its previous rapid growth. - Randi Hipper expressed her frustration, noting she used to gain thousands of followers weekly, but now her follower count barely moves. Bitcoin Archive offered an alternative perspective, suggesting the stagnation might reflect broader market trends rather than platform policies. These influencers' experiences raise important questions about X’s policies and algorithms. Whether due to shadow banning or market conditions, the struggle to grow an online presence is real for many in the crypto community. This situation underscores the complexities of maintaining engagement and visibility in the ever-evolving world of social media. #binance #Binance55thProject(IO) #BnbAth #ETHETFsApproved #B
$BTC - facing a big test at a resistance zone On the breakout get ready for $75k while a pullback might see $68k - $69k 🫱🏻🫲🏼 facing a big test at a resistance zone On the breakout get ready for $75k while a pullback might see $68k - $69k 🫱🏻🫲🏼 #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21 BTC 71,312.81 +0.62% إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام. 17.5k مشاهدات 24 إعجاب 1 اقتباس 0 مُكافأة شُكر 3 مُشاركة (تعداد) ردود الأكثر ملاءمة الأحدث Ayesha_Ahmed
According to Al-Adili, the US Department of Labor is scheduled to release unemployment data for May. The US Bureau of Labor Statistics will also announce revised nonfarm employment count data for the same month. The unemployment rate is an important indicator in the US employment report, as it represents the ratio of unemployed individuals to the working population during a given period. Specifically, it is the proportion of the labor force that wants to work but has not yet found a job out of the total working population. The unemployment rate aims to measure idle work capacity and is a basic indicator that reflects the unemployment situation in a country or region. As a critical signal of economic health, it indirectly affects Bitcoin prices by influencing investor sentiment and monetary policy. A higher unemployment rate usually sends Bitcoin prices higher, while a lower unemployment rate may put pressure on Bitcoin prices
The partnership between Binance and Mastercard is of great importance in the cryptocurrency and financial sectors, as it blends traditional finance with innovative digital assets. This collaboration allows Binance users to seamlessly spend their cryptocurrencies using the Binance card powered by Mastercard, effectively bridging the gap between cryptocurrencies and everyday transactions. One of the main benefits is **increased accessibility**. With Binance Card, users can pay in crypto at millions of merchants around the world that accept Mastercard, making spending with crypto more practical and convenient. This mainstream acceptance of digital currencies could lead to broader adoption and integration into the global economy. **Enhanced user experience** is another advantage. The partnership ensures that users can enjoy the same security and convenience associated with Mastercard, while benefiting from Binance's comprehensive crypto services. This involves converting cryptocurrencies into fiat currencies in real-time at the point of sale, simplifying the process for users. Additionally, the partnership highlights **an important step towards financial inclusion** and by enabling cryptocurrency transactions, it provides an alternative financial system to the unbanked and underbanked population, providing them with access to markets
Bitcoin Price Prediction The latest price for one Bitcoin/BTC coin is $71,021. It's down by -0.22% in the last 24 hours. 53.01% of days, the price of BTC closed above the opening. The maximum price ever recorded in our base for one BTC is $72,689, it was and 2 Months ago, currently price is down by -2.29% from that high. From a total of 17 technical indicators, 12 calls to buy, and 3 to sell, the prediction sentiment short-term is bullish based on technical price analysis. The first major uptrend resistance for BTC is at the $71,645 level, it needs to close above that level to continue to move higher, and bottom support sits at $68,743. So if the price falls below $68,743, we may see the price go even lower. On the other hand, if it will be able to close above the $71,645 level, it can go up to the next resistance level at $73,687. The 14-day relative strength index (RSI) is currently at 65.96, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly chart's relative strength index (RSI) is at 63.48, also indicating natural conditions in the market. On the daily chart, exponential moving averages show a bullish signal. Bitcoin price currently sits above all 10,20,50,100, and 200-day EMAs. Historically the price of BTC last day of June was above the open price six times out of 12, and 6 out of 12 the price was lower than the price at the start of the month. The best month for Bitcoin has been February for the last twelve years, nine times the price of BTC at the end of February was higher than the price at the start of the month. The worst month is September, eight times out of 12, the price at the end of September was lower than starting price. #