According to Jinse Finance, with the 13-week US Treasury yield falling, gold has pumped nearly 5%, prompting CryptoQuant analysts to suggest that BTC may also benefit from this trend.
An analyst added that while the global increase in Money Supply typically signals a positive momentum for BTC, the current record-breaking M2 has not yet fully reflected in the estimation of digital asset.
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CryptoQuant: With the backdrop of declining US Treasury yields and a pump in gold, BTC has the potential to pump
According to Jinse Finance, with the 13-week US Treasury yield falling, gold has pumped nearly 5%, prompting CryptoQuant analysts to suggest that BTC may also benefit from this trend. An analyst added that while the global increase in Money Supply typically signals a positive momentum for BTC, the current record-breaking M2 has not yet fully reflected in the estimation of digital asset.