Crypto market plunges, but expert suggests end of quantitative tightening and rising M2 supply could spur recovery
- Bitcoin dips 3.2% over the past 24 hours, causing the crypto market to slide and triggering $1.15 billion in liquidations.
- Despite the drop, Hashkey’s Han Xu predicts the crypto bull market could be entering a new mid-phase rather than an end.
- Han shared that the end of quantitative tightening and rising M2 supply could fuel Bitcoin’s growth.
Bitcoin (BTC) and the broader crypto market declines in the early European session on Friday, with the top crypto by market capitalization sliding 3.2% in the last 24 hours, alongside Ethereum (ETH) and Solana (SOL), which dips 9% and 10%, respectively. Despite the declines, HashKey Capital partner Han Xu stated that the crypto bull market looks poised for further upside, with the…
