✉news BusinessCrypto first seen 5 h ago, last 23 min ago, peak #11
Bitcoin Faces Liquidity Test as US Money Supply Hits Record
Original: Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion
US money supply has reached a record $23.34 trillion, prompting analysts to argue that Bitcoin faces a new liquidity test. With more dollars in circulation, markets are watching whether abundant liquidity will flow into Bitcoin and lift its price, or whether tighter financial conditions will leave the cryptocurrency under pressure.
Why now: The record US money supply figure has renewed debate over how liquidity conditions affect Bitcoin's price.
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Evidence
- Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion · Yahoo Finance
- Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion · CCN.com
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