What We’re Reading: Bitcoin: A Global Liquidity Barometer
I have been intrigued by the significant increase in global liquidity during 2024, driven by extensive money printing and debt expansion, and how it impacts Bitcoin’s price.
Bitcoin is an expression against the government’s monetary expansionist policies, so its price follows global liquidity, as seen here on this chart.
It was fascinating to read the recent report by Lyn Alden and Sam Callahan…
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Can’t stop, won’t stop
Robinhood continues to expand its European offerings, announcing yesterday that it was rolling out transfers that will allow users to move crypto in and out of its app.
Robinhood’s Johann Kerbrat told me that the company will continue to develop new features. He added that Robinhood is currently limiting its marketing to a few countries in the EU as it awaits its MiCA license. Once it has that in hand, it plans to scale to all “across the EU.”
Unfortunately, to no one’s surprise, the US market isn’t so…
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Dogecoin, the popular meme-inspired cryptocurrency, has experienced its largest increase in active addresses over the past six months. As reported by Ali from the crypto analytics platform Sentiment, the number of active Dogecoin addresses surged to 84,306. This recent data highlights both the address activity and corresponding price fluctuations of Dogecoin, showing a sharp increase in address activity correlating with significant price movements, suggesting a renewed interest in the crypto asset.
The spike in active addresses could be indicative of a growing investor interest or broader adoption of Dogecoin. This recent activity peak has outpaced any other in the last half year, possibly driven by speculative trading or increased utilization of Dogecoin in digital transactions. As the cryptocurrency market continues to evolve, the movements in Dogecoin will be closely watched by investors and enthusiasts alike for signs of sustained momentum or potential market shifts.
