US and China M2 money supply hits record $76.4 trillion
- —Combined US and China M2 hit a record $76.4 trillion
- —The figure rose $7.9 trillion year over year
- —China's M2 reached $53.1 trillion, about 70% of the total
- —US M2 climbed to $23.3 trillion, also a record
Why it matters: Expanding global liquidity has historically supported risk assets including bitcoin, though the effect is delayed and not guaranteed.
Source: Siam Blockchain