Crypto Prices Maintain Strength Despite Market Volatility☕
In crypto, prices have impressively managed to hold their gains, as we continue to feel that there's a supply-demand imbalance in the near term. An interesting graphic from Raoul Pal from GMI shows a curious correlation of BTC YoY price changes vs the global M2 money supply, showing a potentially bottoming process in monetary growth as policy rates appear to be closing on their terminal peaks. Is this yet another signal for a turnaround in crypto fortunes? Stay tuned...!
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