Based on publicly available data from major cryptocurrency exchanges and aggregators like CoinMarketCap or CoinGecko

Global Liquidity Hits Record $89.7 Trillion, Boosting Bitcoin Prospects in Q4

Oct 2, 2024, 05:55 AM

Global liquidity has reached unprecedented levels, with the total money supply in the US, Euro Area, Japan, and China hitting a record $89.7 trillion. This surge, driven by central banks' multi-trillion dollar injections, has resulted in a significant increase of $7.3 trillion over the past year. The rise in global liquidity is expected to have a profound impact on various markets, particularly cryptocurrencies. Bitcoin and other digital assets are anticipated to benefit from this influx, potentially fueling a bullish cycle. China's recent liquidity boost, the largest in its history, and 21 global interest rate cuts in September are key contributors to this trend. Weekly global liquidity has surged to $176 trillion, continuing its upward trend on the back of fresh injections from China and generally improving liquidity conditions around the world. This influx is expected to drive Bitcoin parabolic, especially in Q4.