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A group of technical analysts has convinced themselves that the price of bitcoin (BTC) strongly correlates with M2 money, yet their compelling charts decorrelate on even the simplest zoom modification. Of course, the narrative of BTC — set in stone since Satoshi Nakamoto’s genesis block inscription about bank bailouts — is that BTC should displace fiat. Motivated to find data supporting this narrative, technicians discovered M2, overlaid it atop BTC, and published screenshots to social media. Technical analysts chart prices and trading volumes in an attempt to find predictive signals. According to some investors, the global stock of money, as measured by a 100-day offset M2, is a strong signal for the price of BTC . This particular comparison has become popular on X. However, Protos has illustrated how these data inputs can be decoupled simply by editing the zoom setting from 2021 to present (left) to 2019 to present (right). 2021 – present ...

The US dollar is currently standing at a crossroads, with the world economic trajectory hinting at its possible decline. Per a recent Bloomberg report, the current geopolitical mayhem, coupled with Trump’s tariff regime, is taking a toll on the US dollar. This development can impact the USD in the long term, with the projection of the US dollar plummeting 10% in the next 10 months. Alongside that, a new Prediction has recently made its way into the market. This prediction adds on to how the US dollar’s days are “numbered” if its devaluation rate continues to accelerate at the current level, ushering in mass de-dollarization. Also Read: De-Dollarization Grows: Bulgaria 21st to Use Euro As Single Currency Clock’s Ticking For The US Dollar As De-Dollarization Sets An “Age” Limit For USD Source: Watcher.Guru Per a recent Analysis by the expert Gregory Mannarino, the current USD chart showcases the American currency’s consistent fall in terms of valuation. This fall is dep...

The U.S. stock market surged on Thursday following the Fed’s 50bps interest rate cut, with the S&P 500 reaching a new high. The Fed’s rate cut is the first in four years, following a string of years of battling inflation in the country. Stocks took a slight tumble in the closing hours following the rate cut, but on Thursday, the market witnessed significant gains. Markets rallied today as investors embraced the potential benefits of easing monetary policy. The S&P 500 jumped, reaching a new intraday high following Wednesday’s 0.3% decline. Treasury yields also continued to rise, with the 10-year yield climbing to 3.75%. At press time, the S&P 500 sits at 5,725.21. Almost every major group in the S&P 500 gained; the benchmark is poised for its 39th record in 2024. Tech companies saw some of the best gains, with Nvidia and AMD jumping over 4%. Additionally, large-cap tech firms like Meta and Alphabet advanced 3.3% and 2.2%, respectively. Financial st...