VanStraten: M2 money supply nears all-time high, bullish sign for crypto
James Van Straten, senior analyst at CoinDesk, wrote that in December 2024, the M2 money supply continued to increase and is now close to its all-time high of $22 trillion.
The continued growth in the M2 money supply is a bullish indicator for risky assets because it means more liquidity is entering the system, and this liquidity usually appears first in risky assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: In the past 24 hours, CEX saw a net outflow of 19,541.03 BTC
The altcoin season index remains at a low level, currently at 22.
By the end of December, approximately 1.5 million ETH will be unstaked.
A trader's $6.5 million MON long position was liquidated, resulting in a loss of $1.9 million.
Trending news
MoreCrypto prices
More
