Analysis News TheBitTimes.com

Global liquidity has surged to nearly $100 trillion, fueling bullish expectations for the Bitcoin (BTC) market.  This unprecedented level of liquidity is seen as a significant boost to Bitcoin’s ongoing bullish rally, with the cryptocurrency now trading at $71,000. A recent analysis by Philip Swif t, creator of the on-chain data platform LookIntoBitcoin , reveals that the global M2 money supply stands at $94 trillion — the highest ever recorded. Picks for you Crypto expert Michaël van de Poppe updates his altcoin portfolio 52 mins ago Solana trader turns $53,500 into $2.86 million in five months 1 hour ago How rich is Iowa senator Jon...

Shiba Inu rose to popularity in quite a short span after its launch. The asset made its debut three years back. After independently rallying several times, the asset peaked in 2021. When the market conditions became bearish, SHIB registered a significant drawdown. However, just like most other mid-cap assets, even SHIB successfully managed to weather through winter. At press time, the $4.8 billion market-capped asset was exchanging hands at $0.000008232. Also Read: Shiba Inu: Shibarium Team to “Renounce” BONE Contract ATH, ATL Classification Investors are usually divided into two major categories. One group waits for the price to drop and then buys the dip. The other set of investors enters the market out of FOMO when the price makes higher highs. By ticking the ‘apt entry timing’ box, the former category usually has an upper hand when compared to the latter. As far as Shiba Inu is concerned, 4.37% of the addresses [56,140] bought the token around its all -ti...