When adjusted for the growth in the U.S. M2 money supply, both bitcoin and the S&P 500 show weaker valuations than their nominal prices suggest. Bitcoin's price relative to money supply has formed a bearish pattern, indicating its edge over dollar supply growth may be fading. Similarly, the S&P 500, despite nominal highs, has only recently matched its dot-com era peak on a money-supply-adjusted basis, suggesting that gains may be less robust than they appear. This signals potential caution for investors as liquidity-sensitive assets like bitcoin show signs of strain against expanding dollar supply.
Upbit, one of South Korea's largest crypto exchanges, has listed the meme-inspired token SPX6900 with trading pairs in Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This multi-pair listing allows both local retail traders and international cryp...
Veteran trader Peter Brandt forecasts a significant rally in the S&P 500, with futures nearing $7,550 and a potential rise to $7,904, driven by positive market sentiment after the US-Iran peace deal announcement. Bitcoin also rebounded over 3%, boost...
