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Bitcoin aims for $66,000 mark following the retest of a critical support
Bitcoin (BTC) hovers slightly above $62,000 on Tuesday after a minor decline on Monday, buoyed by positive signs such as over $233 million in inflows into US Spot BTC Exchange Traded Funds (ETFs). At the same time, The Kobesissi Letter noted that the rising global M2 money supply could be a favorable signal for both Gold and Bitcoin. According to a recent tweet from The Kobeissi Letter, the total money supply in the United States (US), the Euro area, Japan, and China has reached a new record of $89.7 trillion, with $7.3 trillion added over the last year. In the US alone, the amount of money in circulation has surged ... (full story)
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- Posted: Oct 8, 2024 1:40pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 133
