BULLISH FOR BITCOIN US M2 Money Supply is pointing up again... The last time M2 increased, Bitcoin bull market ripped. We can see the effect when comparing DXY (dollar vs basket of global currencies) They are not tightly correlated all the time, but turning points in DXY… pic.twitter.com/JeRcDnv48l

Bitcoin is 23% off its all-time high. So why does it feel worse than it is? 👉This is the second longest run of RED weekly candles in Bitcoin history! Both times were deep into a bear market. pic.twitter.com/CHeFykJMx1

US government policies that affect the economy and/or the outlook for the US Dollar may also have implications for $BTC. After all, Bitcoin is an alternative money system that competes with the Dollar. Watch more from @LowBeta_ : youtu.be/-NVke5kzFAk?si=WP73zDmxyVD1uzNp

NEW: Crypto valuations pulled back in April 2024 but industry trends remained broadly favorable. Highlights included: 🅱️ The #Bitcoin halving 📢 #Ethereum rumbles 🏛️Legislative progress 🪙Stablecoins' market cap rose Read our recap for deeper analysis: www.grayscale.com/research/market-commentary/april-2024-crypto-tailwinds-macro-headwinds pic.twitter.com/zUx5NaAfM2