[US Morning Briefing] China's M2 Supply Surges... Will Bitcoin Reach $90,000?

Welcome to the US Morning Cryptocurrency News Briefing. We'll briefly summarize today's important cryptocurrency developments.

Check out experts' opinions on BTC price. $90,000 is right around the corner. Global and regional liquidity is expanding, which has historically had a positive impact on risky assets like cryptocurrencies.

China's M2 Increase... Will BTC Also Rise?

According to TradingView data, China's M2 money supply has reached $326.13 trillion, continuously setting new records.

The increase in M2 indicates that financial system liquidity has increased, which often suggests more funds seeking returns in risky assets like BTC and altcoins, stocks, and real estate.

"China's M2 money supply has reached 326 trillion. The money printing machine is running again. Risky assets will surge," analyst Kong Trading mentioned.

BGeometrics' data shows that global M2 is increasing. This follows a similar trend to China's M2 money supply. Recent surges have pushed both indicators to their respective peaks.

In this context, analysts suggest a strong upward movement for BTC and altcoins may be imminent. BeInCrypto contacted Brickken market analyst Emmanuel Cardozo Dharmas, who said BTC could soon retest $90,000.

"If China's M2 continues to increase, it could push BTC upward as we've seen before. Currently, BTC is at $85,000, and if M2 continues to rise, it could retest $90,000," Emmanuel Cardozo Dharmas told BeInCrypto.

This target aligns with yesterday's US cryptocurrency news, where Blockhead Research Network (BRN) analyst Valentin Fournier emphasized BTC's $90,000 target.

Meanwhile, Cardozo Dharmas explained that China's M2 money supply is expected to reach record levels by the end of 2025. In his view, more money circulating in China could lead to more people investing in risky assets like cryptocurrencies, especially now that China's stance is becoming more positive.

According to analysts, the $90,000 threshold is an important resistance level to conquer before reaching the $100,000 milestone. However, whether this can be achieved this year remains debatable amid macroeconomic uncertainties.

"But it's not certain. There are many factors that could impact the market right now. If the Fed cuts rates in May or June as some expect, it could provide additional stimulus. Conversely, trade tensions with China or renewed cryptocurrency regulations could prevent reaching the target," the Brickken market analyst added.

Indeed, concerns remain about Trump's tariff confusion and China's retaliatory stance. Amid such uncertainties, investors might postpone allocating capital to high-volatility assets until trade tensions stabilize.

The macro context also includes Jerome Powell's hawkish Fed stance, which ruled out immediate rate cuts.

Reports indicate that China is liquidating cryptocurrencies seized from private companies to support local government finances amid economic difficulties.

Recognizing these factors, Cardozo Dharmas explained that China's M2 can contribute to BTC's upward momentum, especially in a bull market, but it's not the only factor market participants should focus on.

Despite bullish predictions, traders and investors should be prepared for potentially limited short-term gains due to macroeconomic headwinds and other factors.

Today's Charts

This chart suggests BTC could experience a price surge following China's M2 trend.

This chart shows the historical correlation that M2 increases often precede altcoin price surges.

"Altcoins don't move until liquidity breaks through. Now is that time." – Cryptocurrency analyst TechDev mentioned.

Today's Key News

• Bitcoin ETFs recorded over $100 million in inflows on Thursday. Reversing Wednesday's $169.87 million outflow, indicating investor confidence.
• SEC's Ethereum ETF option approval will increase liquidity. Attracting institutional investors and strengthening Ethereum's position.
• Circle's refund protocol provides on-chain dispute resolution for USDC. Removing third-party intermediaries and increasing transaction transparency.
• Over $2.2 billion in Bitcoin and Ethereum options expire on Good Friday. Potentially impacting market volatility.
• Bittensor's TAO surges 10%, outperforming BTC and ETH. Bullish indicators suggest potential breakthrough above $279.70 resistance.
• Galaxy Digital moved over $100 million in ETH to exchanges within days. Sparking speculation about potential large-scale selling.
• Bybit's CEO met with Vietnam's Finance Minister. Discussed establishing legal framework and launching national digital asset exchange.

Cryptocurrency Stock Pre-Market Overview