According to Bitcoin News, U.S. Federal Reserve data shows that the seasonally adjusted M2 money supply rose to $23.05 trillion in May, surpassing the $23 trillion mark for the first time and setting a new all-time high. Market expectations for Bitcoin’s price movement driven by liquidity have intensified, with the next M2 data release scheduled for late July.
U.S. M2 Money Supply Reaches Record High of $23.05 Trillion in May
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Summary
May’s inflation data shows the U.S. M2 money supply reached a record $23.05 trillion, according to Federal Reserve figures. This is the first time the metric has surpassed the $23 trillion mark. Traders are monitoring altcoins as increased liquidity fuels expectations of a Bitcoin rally. The next M2 report is due in late July.
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