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Crypto 350

06/10 10:10

Crypto Market Rally: Bitcoin and Altcoins Follow G

Crypto Market Rally: Bitcoin and Altcoins Follow Global M2 Before US CPI

Bitcoin and altcoins contributed to crypto market rally today, as BTC follows global M2 supply eyeing 71%market dominance in the near term.

  • Bitcoin leads crypto market rally with 4% upside closely following the trajectory of the global M2 money supply.
  • M2 liquidity, favorable macro conditions, $1 billion USDT minting on Tron could serve as major catalysts.
  • Trump Account initiative and Fed rate cuts have further fueled market enthusiasm in altcoins.
  • Arthur Hayes predicts that Bank of Japan may pivot to QE soon.

Crypto market has staged a strong upside today with Bitcoin (BTC) price shooting 4% to $109,500 levels, and preparing for new all-time highs and price discovery soon. Latest data shows that BTC has been closely following the M2 Money supply, and its next stop could be to $125,000.

Altcoins, too, have joined the party as Ethereum (ETH) registered 7% gains, while Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) are up 5% each. The Trump account announcement, Fed rate cut expectations, etc. have served as additional catalysts1749549011451.png


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