with cycle peaks and money supply. He noted that in 2017, the M2 supply continued to expand significantly, and the cycle lasted until the end of the year, with BTC peaking at $20,000.
The US Money Supply grew 2.6% over the last year, the biggest YoY increase since August 2022. After a brief hiatus, money printing is back.BTC has retreated around 3% from its multi-month high of $69,500 on Oct. 21 to trade around the $67,000 level, where support was holding during Asian trading on Wednesday morning.
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