Bitcoin Trails Money Supply Growth as Energy Costs and Rates Bite

Bitcoin's growth is lagging behind the expansion of the money supply, primarily due to rising energy costs and increasing interest rates. The cryptocurrency's value has been negatively impacted as investors grapple with higher inflation and tighter monetary policies. Analysts note that the correlation between Bitcoin and traditional financial markets has intensified, making it more vulnerable to macroeconomic factors. As a result, Bitcoin's appeal as a hedge against inflation is being challenged, leading to a cautious outlook among investors.

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