The king cryptocurrency surpassed $68,000 again today and the daily bottom was made at $66,666. Altcoin investors are smiling and the chart turned positive again. Senior analyst Jamie shared his comments on the overall market in his latest market assessment. So what awaits investors?
Cryptocurrencies and Analysis
Real Vision senior analyst Jamie Coutts touched on the positive fluctuation in cryptocurrencies with the global money supply today. From his perspective, global supply reaching $107 trillion improves the environment in risk markets for further upside.
“The global money supply has reached a new all-time record. It reached 107 trillion dollars.
Unsurprisingly, the expansion of the monetary base puts upward pressure on asset prices and erodes the purchasing power of fiat currencies. At this point, the liquidity meme has become entrenched in the minds of millions, creating a self-reinforcing cycle. As more fiat money flows into the economy, more capital flows into debt-proof assets like Bitcoin.
As demand for Bitcoin increases and its supply becomes limited, the price is bound to rise as more fiat units enter the system. Therefore, it is very important to monitor the creation and destruction of the underlying currency – the liquidity cycle. “Understanding these cycles gives us insight into when new capital will enter the market and push up asset prices.”
In the chart above, we see better how sensitive BTC is to the change in global liquidity. Rover is the following Bitcoin (BTC) 
$67,945 Sharing his chart, he wrote that the BTC price was moving towards six-digit targets and everything was progressing as expected after the halving.
TIA Coin Review
Specifically for altcoins TIA CoinWe can get the current evaluation of ‘s from popular cryptocurrency analyst Poppe. The analyst pointed to $7 as the key level to be overcome today. If permanence is achieved here, greater peaks will not be surprising.
“altcoins It is on the verge of a potential breakout to the upside. One of these is $TIA, which is facing a very important resistance zone. “Exceeding $7 means the next rally will be to $12.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
