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Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s By Cointelegraph

April 7, 2023
in Cryptocurrency
Reading Time: 1 min read
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Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s By Cointelegraph
© Reuters

(BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warned.

In its latest research, Bloomberg Intelligence revealed a cool stance on the ongoing 2023 crypto market rally.

1-hour candle chart (Bitstamp). Source: TradingView
(DXY) annotated chart. Source: Justin Bennett/Twitter

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Tags: 1950sBitcoinCointelegraphdropsFacesheadwindsMoneysupply
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