U.S. M2 money supply rose by $102.8 billion in July to $23.22 trillion, according to Cointelegraph. That is the highest reading on record and the 27th consecutive month that the measure has grown. M2 is widely treated as a key indicator of market liquidity, and its continued expansion may offer macro-level support to risk assets, including cryptocurrencies. The data also points to a longer-term expansion in U.S. money supply. With July's gain, the money supply has now posted monthly increases for more than two straight years. The latest total reflects the cumulative effect of those monthly moves and sits above the previous record. The report frames the persistent M2 growth as a supportive backdrop for digital assets in the current macro environment. The fresh high underlines how the U.S. monetary aggregate has kept climbing over a prolonged period, extending a streak that began more than two years earlier.
U.S. M2 money supply rose by $102.8 billion in July to $23.22 trillion, according to Cointelegraph. That puts the broad money measure at a record high and marks its 27th consecutive month of growth.
M2 is commonly viewed as a liquidity gauge. Its persistent climb could provide macro-level support to risk assets, including cryptocurrencies. The latest data also reflects the long-term expansion trend of U.S. money supply.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
