Global liquidity is on historical value. Will Bitcoin use it?

This week, global liquidity reached an all-time high of $ 88.1 trillion. Historically, such a report has always had a positive effect on the US stock market. The cryptocurrency and Bitcoin are strongly correlated with it. Could Bitcoin use this situation to increase its price?

Global liquidity on ATH and Bitcoin knocking at $ 10,000

Over the last three months, Bitcoin has shown a relatively high degree of correlation with the stock market. The data show that both Bitcoin and S&P 500 are moving according to the same template after the March slump.

According to Holgear Zschaepit, the new liquidity in shares could help further growth. According to him, there is a fear of the weakening of the US dollar and the printing of money, which is now taking place in the North American state. No further growth would come as no surprise, as stocks show their strength continuously despite the fact that pandemics are raging around the world and the economic situation is deteriorating in many places of the planet.

High liquidity in the market usually leads to a less stressful investment environment, in which even riskier assets such as stocks and digital currencies become a good choice. Bitcoin, Ethereum and others could take advantage of new situations.

Most of the market is a fan of the bulls, because the flagship of cryptocurrencies have managed to break their “boring” status after a long time.

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