Bitcoin and Gold Rise as U.S. M2 Money Supply Surges
Bitcoin Surges Amid Increased U.S. Money Supply
Bitcoin’s Value Soars Following U.S. M2 Money Supply Increase
Recent data revealed a significant rise in the U.S. M2 money supply during August, leading to a notable surge in bitcoin prices. The combination of looser monetary policies in China and the U.S., as well as the escalating money supply, acted as key drivers behind the steady climb of bitcoin throughout afternoon trading.
Gold Reaches New Record High After U.S. Money Supply Growth
Gold Price Hits $2,690 Per Ounce Following M2 Money Supply Increase
In response to the positive news, gold prices also experienced a boost, increasing by 1.4% and reaching a new all-time high of $2,690 per ounce. The rise in the U.S. money supply further supported the upward trajectory of gold prices, signaling a favorable market trend for the precious metal.
Disclaimer:
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
