Bitcoin Hits $73,000 as Ceasefire and Liquidity Expansion Drive Rally
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Bitcoin surged above $73,000 after a temporary U.S.–Iran ceasefire and liquidity-driven short liquidations boosted crypto market momentum. U.S. M2 money supply reached $22.67T in February (4.8% YoY; 24 consecutive months up), roughly $700B above the March 2022 peak, supporting risk asset adoption and liquidity. Analysts caution a potential pullback as BTC remains range-bound between $60K–$75K, highlighting consolidation risk despite bullish liquidity conditions.
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- Bitcoin rises above $73K as ceasefire and M2 growth boost liquidity and trigger short liquidations.
- U.S. money supply hits $22.67T with sustained expansion supporting crypto market momentum.
- Analysts warn of a possible pullback as Bitcoin remains within the $60K to $75K range.
Bitcoin rose above $73,000, as easing geopolitical tensions and continued growth in U.S. money supply combined to boost market momentum. The move followed a temporary ceasefire between the United States and Iran, while new data showed U.S. M2 money supply reached a record $22.67 trillion in February, reflecting a 4.8% year-over-year increase.
At the same time, liquidity conditions remained a key focus for market participants. Data shared by The Kobeissi Letter showed that U.S. M2 has now increased for 24 consecutive months and stands at about $700 billion above its March 2022 peak. Since 2020…
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