Crypto market adds $600 billion in liquidity in a year
For the first time in several years, the cryptocurrency markets are witnessing a return of “tons of new liquidity, The Kobeissi Letter, a well-known commentator of the global capital markets, said in a November 12 post on X.
According to the account, crypto has added $600 billion in value over the past year, marking a 75% jump. Over the same period, Bitcoin’s value surged by 120%.
Most notably, the resurgence in liquidity is seen as a vital bullish indicator. As the popular X account put it, “A return of liquidity always causes historic moves in crypto.”
The total crypto market cap is currently sitting at around $1.46 trillion, the highest since May 2022. Hope we can soar even higher but only time will tell.
#BTC #etf #BinanceSquare
For the first time in several years, the cryptocurrency markets are witnessing a return of “tons of new liquidity, The Kobeissi Letter, a well-known commentator of the global capital markets, said in a November 12 post on X.
According to the account, crypto has added $600 billion in value over the past year, marking a 75% jump. Over the same period, Bitcoin’s value surged by 120%.
Most notably, the resurgence in liquidity is seen as a vital bullish indicator. As the popular X account put it, “A return of liquidity always causes historic moves in crypto.”
The total crypto market cap is currently sitting at around $1.46 trillion, the highest since May 2022. Hope we can soar even higher but only time will tell.
#BTC #etf #BinanceSquare