Global M2 money supply shifted by 90 days predicts Bitcoin price but with elastic relationshipBitcoin does not always follow a lagged global M2 money supply, but when it does, it rips.
Happy Wednesday!Crypto markets are buzzing as global M2 money supply trends hint at a potential Bitcoin price surge, with analysts pointing to historical patterns showing that Bitcoin tends to rally approximately 90 days after an increase in the global money supply. However, the correlation between global M2 and Bitcoin's price is not always consistent, with other variables also impacting Bitcoin's movement. Meanwhile, concerns emerge as XRP Ledger developers face a security breach with a compromised developer kit that could lead to private key theft. Stay informed on these critical developments shaping the crypto landscape. 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $2.92 trillion, with a 24-hour volume of $133.08 billion. The price of Bitcoin is $93,237.64, and BTC market dominance is 63.4%. The price of Ethereum is $1,795.31, and ETH market dominance is 7.4%. The best-performing sector is Agriculture, which gained 32%. The Crypto Fear & Greed Index is currently Greed (72). 📰 Top News
Global M2 money supply shifted by 90 days predicts Bitcoin price but with elastic relationshipBitcoin does not always follow a lagged global M2 money supply, but when it does, it rips. XRP Ledger developer kit compromised with backdoor to steal wallet private keysA user named “mukulljangid” published five new versions of the XRPL package for developers, all containing a malware to steal private keys. Bitcoin poised for breakout as US Term Premium hits 12-Year high – StanChartStandard Chartered believes Bitcoin is undervalued against systemic risks heightened by Fed uncertainty and could see a shift soon.
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