CoinEx Daily: Bitcoin Price Reversal amid Record High US Money Supply
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Daily View
Bitcoin has begun a price reversal, breaking through a local downtrend as multiple analysts confirm a trend change, signaling potential for new highs ahead. On the macro front, the US M2 money supply reached a record $21.86 trillion, increasing concerns on inflation and liquidity. Additionally, regulatory scrutiny continues with the SEC delaying decisions on key crypto ETFs and proposing new frameworks for rational crypto regulation.
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