Analysis Today TheBitTimes.com

Historically, the cryptocurrency market has benefited from the rise in global money supply as the majority of the bull runs in the past coincided with the rise in fiat supply. The rising M2 money supply could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in an X( formerly Twitter) post, shared a graph comparing Bitcoin’s (BTC) yearly performance against the global M2 money supply, indicating the simultaneous rise of Bitcoin and global M2 supply. Historically, the Bitcoin and cryptocurrency market has started outperforming the traditional financial market with a rise in global M2 supply. Bitcoin vs Global M2 supply. Source: Global Macro Investor The chart above shows that Bitcoin’s price is on the verge of decoupling from the traditional mark...

Sellers’ momentum is increasing in Aave market Aave (AAVE) Price Analysis – August 23 At the moment, the key resistance levels to watch out for lies at $94, $110 and $125. A downward movement may take the Aave to $77. A bearish breakout is expected at the support level of $77 which will expose the coin to the support level of $62 and $47. AAVE/USD Market Key Levels: Resistance levels: $94, $110, $125 Support levels: $77, $62, $47 AAVEUSD Long-term Trend: Bearish Aave is under bears’ control.  It started a bearish trend on 13 August; this is clearly noticed when the bearish engulfing candle broke down the support level of $110. More bearish candles continue to emerge and the price declining towards the $77 support level. The cryptocurrency is yet to break down the just mentioned support level but currently pulling back. The daily chart has shown that sellers are dominating the market. The price is trading below the 9 periods EMA and 21 periods EM...