🔫Dogecoin Fires Up, Bitcoin Rises to $114K – Will M2 Giveth More Bitcoin??

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In a world where finance meets intergalactic capers, we findeth Bitcoin cruising around $114,200, up 2.4% over a mere 24 hours! Meanwhile, the entire financial cosmos seemed to align for a heavy macro week – whatever the heck that means. 🌌⚙️

🔍 ‘Cept to Know:

  • Bold Bitcoin traders boldly trading at $114,200, up 2.4% over a day as if by magic – or maybe just a lot of caffeine! 🧑‍💻☕️
  • Ether, XRP, BNB, and Solana’s SOL aren’t just sitting pretty; no no no! They’re jumping higher than a kangaroo on a pogo stick, with Dogecoin outdoing them all by leaping 5%! 🐕💥
  • Some analysts believe Bitcoin’s lower price is a clever disguise, like Hattie from Young Frankenstein feigning idiocy while plotting world domination. They suggest Bitcoin’s undervalued compared to U.S. M2 growth, hinting this delightful confusion will resolve with price increases. 📈🕵️♂️

During the drowsy Asian morning hours – who knew Asia had ‘morning’? – Bitcoin flirted around $114,200, flexing 2.4% over 24 hours, as strong as a martian martini!

Ether (ETH) wasn’t to be outdone, upping itself 2.4% to $4,400, while XRP managed to scoot itself above $3, BNB nervously nudged near $900, and Solana’s SOL flexed 3% up. And our jolly friend Dogecoin? It’s bringing in daily gains like a maestro! 🎩🎶

Imagine this: a valuation trend that even ol’ Oglethorpe could sink his pipe in! CF Benchmarks shared a little secret earlier. They said Bitcoin is trading like a thrift shop rack, just below its sweet fair value range when compared to U.S. M2 growth.

As sly as a con artist, the gap between M2 expansion and BTC price stands as wide as the Grand Canyon. And who doesn’t love a good canyon? Historically, such gaps have been strong entry points. And twist! They turned into circus acts in 2016, 2019, and 2021, preceding remarkable surges. 🎪🚀

Were you aware? Bitcoin and M2, in a loving dance over the past decade, have shown a positive correlation. Sometimes it’s like a waltz, sometimes a tango, but typically, with M2 leading the show by about three months. If this historical love affair continues, expect some liquidity tailwinds bringing biscuits in Q4. 🕺💡

Oh, and for the tactical traders: there’re still levels to reclaim like LEGOs, my friends! “Bitcoin continues to attract buyers on the dips, as sure as Rick Moranis cossets over his Angry Amos sandwiches,” said Alex Kuptsikevich, high priest of trading at FxPro.

“The real skirmish lies near $115K, perched just above the 50-day average,” Kuptsikevich continued with a flourish. “Remaining afloat above this line would signal an exuberance return, although presently, BTC seems to be lagging stocks like a dance partner failing to hit their cues.” 📈😅

Meanwhile, from the options desks, jagged demand for protection seems rife ahead of the much-anticipated U.S. inflation data – almost like nothing more thrilling this decade. They echo with a neutral-to-bearish air like a somber wedding. 🙃📊

SOL’s cravings vine to a TVL record of $12.2 billion, surging 57% since yesteryear’s June, while memecoins sizzle with fresh flows. Analysts giggle and wager $300 SOL, thanks to tireless activity and on-chain liquidity. Yet, like adopting a hippo, follow-through depends on broader risk appetites. 🌟💰

Yet all jubilation could meet its icy demise as U.S. CPI figures loom on the horizon, ready to spoil the party as if a wicked witch walked through the door. Should they signal cooler jazz, the stage is set for a Fed cut and a softer dollar, both friendlies to Bitcoin and the entire cryptic circus. 🎭💰

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2025-09-11 09:39