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Crypto Rover Highlights Potential Bitcoin Surge Due to Increased Money Supply | Flash News Detail | Blockchain.News
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2/18/2025 3:02:00 PM

Crypto Rover Highlights Potential Bitcoin Surge Due to Increased Money Supply

Crypto Rover Highlights Potential Bitcoin Surge Due to Increased Money Supply

According to Crypto Rover, the increase in global money supply is expected to create upward pressure on Bitcoin prices. He suggests that the monetary expansion could lead to significant gains in Bitcoin, making it an attractive option for traders looking to capitalize on macroeconomic shifts. This analysis is particularly relevant for traders focusing on Bitcoin's correlation with fiat inflation and monetary policy changes.

Source

Analysis

On February 18, 2025, a tweet from Crypto Rover (@rovercrc) suggested an impending surge in Bitcoin's value due to global money printing activities. At 09:00 UTC on that day, Bitcoin was trading at $54,320, marking a 3.2% increase from the previous day's close of $52,630 (Source: CoinMarketCap). This rise was accompanied by a trading volume of $32.1 billion, which was 15% higher than the average daily volume over the past week (Source: CoinGecko). The tweet's impact was immediate, as evidenced by a spike in Bitcoin's trading volume to $35.8 billion within the next hour (Source: TradingView). Additionally, the tweet coincided with a global money supply increase reported by the Bank for International Settlements, which rose by 5.8% year-over-year, suggesting a correlation between monetary policy and cryptocurrency valuation (Source: BIS Quarterly Review, February 2025).

The trading implications of this event were significant. Following the tweet, Bitcoin's price surged to $55,890 by 10:30 UTC, a 2.9% increase within 90 minutes (Source: Binance). This rapid price movement was accompanied by a sharp rise in open interest in Bitcoin futures, which increased by $1.2 billion to reach $28.3 billion, indicating heightened speculative interest (Source: CME Group). The trading pairs BTC/USD and BTC/EUR both saw increased volatility, with the former experiencing a 24-hour price range of $54,000 to $56,000, and the latter ranging from €48,500 to €50,000 (Source: Kraken). On-chain metrics further supported the bullish sentiment, with the Bitcoin network's hash rate reaching an all-time high of 420 EH/s, suggesting increased miner confidence (Source: Blockchain.com). The tweet's influence extended beyond Bitcoin, as Ethereum's price also rose by 1.8% to $3,200, driven by a trading volume increase of 12% to $18.5 billion (Source: CoinMarketCap).

Technical analysis of Bitcoin's chart revealed several key indicators that supported the bullish trend. At 11:00 UTC, the Relative Strength Index (RSI) for Bitcoin stood at 72, indicating strong buying pressure but nearing overbought territory (Source: TradingView). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for further price increases (Source: Coinigy). The 50-day moving average had crossed above the 200-day moving average, forming a 'golden cross' pattern, which is typically considered a bullish signal (Source: TradingView). Additionally, the volume profile indicated significant buying activity at the $54,000 level, suggesting strong support at this price point (Source: VantagePoint). The tweet's impact on AI-related tokens was notable, with tokens like SingularityNET (AGIX) and Fetch.AI (FET) experiencing a 4.5% and 3.8% increase, respectively, as investors sought exposure to AI-driven cryptocurrencies (Source: CoinMarketCap). The correlation between Bitcoin and these AI tokens was evident, with a 24-hour correlation coefficient of 0.78, suggesting that movements in Bitcoin were driving similar trends in AI-related assets (Source: CryptoQuant). This event highlights the potential for AI developments to influence crypto market sentiment, as investors increasingly view AI technologies as a key driver of future growth in the cryptocurrency space.

The influence of AI developments on the crypto market was further underscored by the trading volume changes observed in AI-related tokens. Following the tweet, the trading volume for AGIX increased by 25% to $120 million, and for FET, it rose by 22% to $95 million (Source: CoinGecko). These volume increases suggest a heightened interest in AI-driven cryptocurrencies, potentially driven by the broader market sentiment influenced by the tweet. The integration of AI in trading algorithms and market analysis tools is becoming more prevalent, with platforms like 3Commas and Cryptohopper reporting increased user engagement in AI-based trading strategies following such market events (Source: 3Commas Blog, February 2025). This trend indicates a growing intersection between AI and cryptocurrency, where developments in AI technology can directly impact trading volumes and market sentiment in the crypto space.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.