Bitcoin Targets $132K Milestone After Defending $118K Support, Best Crypto To Buy Now As M2 Money Supply Hits ATH

Despite the recent rough market, Bitcoin has remained stable above the $ 118,000 sign and is currently exchanged at $ 118,204.60. Could it be the best cryptocurrency to buy now as a march for another bull race?

The speculators tend to think so. BTC swept away the sales pressure and minor pullbacks to which we witnessed last week and the next goal could be somewhere between $ 127,000 and $ 132,000. However, caution should be exercised, since the cryptocurrency market is known to make sudden turns of 180 degrees.

Price graphic designer USD BTC

(BTCUSD)

Investors have carefully looked at the BTC and assuming if the BTC will again have a moment of breakout or the row under volatility.

For those interested in investments, the mantra should be to wait for a good breakout before betting on the crypto king.

The offer of global M2 currency has reached an ATH. Is Bitcoin the best cryptocurrency to buy now?

With the offer of global M2 currency that reaches a historic maximum, many on X and Reddit are discussing the notion of a wider Bull crypto race. As a wider measure of liquidity, M2 includes physical currency, accounts, savings and deposits, tools of the monetary market and other almost cash activities.

While M1 measures strictly transactional money, M2 amplifies the money that is promptly available for investments, thus acting as a key indicator of global liquidity and inflationary pressure.

The current M2 increased is directly related to the renewed stimulus of the government stimulus and liquidity injections, including quantitative locking programs.

A quick look at historical data reveals a clear link between the growth of M2 and climbing on the prices of activities since the excess liquidity guides the demand between actions, properties and cryptocurrencies.

BTC has historically shown a strong correlation, ranging from 0.65 to 0.89, with the M2 expansion and often traces the changes in liquidity from 12 to 90 days. This indicates that when the purchasing power of Fiat decreases, the demand for investors increases for scarce and inflation -resistant activities such as BTC.

The case in question, the stimulus of the pandemic era helped the global M2 to rise by 25% between 2020 and 2021, which coincided with the rise of BTC from $ 10,000 to almost $ 69,000, underlining the way in which the fixed supply activities attract speculative capital when they collided against liquidity overflows.

https://www.bitcoinmagazinepro.com/charts/global-liquidery/

Source

The last peak in M2 has speculators surrounding the sign of $ 150,000 like the next potential target BTC Bull.

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1 hour ago

Pudgy Penguins denies the acquisition of Opensea

Arijit Mukherjee

From Arijit Mukherjee

The speculations were widespread on social media with users who affirmed that Pudgy penguins had acquired the NFT Opensea market. This happened after X users brought to light a post from October 2024 in which his CEO, Luca Netz, shared his intent to buy Opensea.

Community members hypothesized that there may have been an agreement behind the scenes already in December 2024 for the acquisition of Opensea.

Beau, Pudgy Penguins’s head of security on July 26, 2025, pushed against narration through an X post, stating: “Pudgy Penguins did not buy Opensea … cold”.

He added: “Talk about collaborating with Lufthansa and Nascar and go to find the next big brand with which to proliferate”.

The entertainment company has improved the presence of the brand with recent collaborations with Nascar and Lufthansa. He also ventured on web3 gaming with the launch of Pengu Clash, a mini-game based on Ton (Open Network) skills) Blockchain

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1 hour ago

Gallup Survey does not find buyers for crypt

Arijit Mukherjee

From Arijit Mukherjee

According to the Gallup 2025 survey, published on 22 July 2025, only 14% of US adults have cryptocurrency, while 60% have no intention of buying. Since 2021, there has been an increase in the activity class. However, it remains a marginal investment for the majority, handicapped by its perception of risk and low understanding.

The ownership of the cryptocurrency is higher among men under the age of 50, with one in four who reports their cryptographic investment. In addition, a greater adoption is observed between graduates, higher income earnings and political conservatives.

However, interest alone is not everything since only 4% of Americans plan to invest early.

In addition, among traditional investors, as adults with at least $ 10,000 in financial activities, the ownership of the cryptocurrency rose to 17% from 6% in 2021, with 64% of them who claim that they will never invest in cryptocurrencies, compared to 58% previously.

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2 hours ago

ETH or BTC: who dominates the cryptocurrency graph this week?

Arijit Mukherjee

From Arijit Mukherjee

The cryptocurrency market this week is rather bullish, pushing the total capitalization to $ 3.82 trillion. In addition, an index of fear and greed highlights the trading guided by greed while most of the green flash resources.

BTC saw a modest movement, closing about $ 117,400 at the beginning of the week on July 21, 2025 and is currently at $ 118,256, scoring only a modest earnings during the week.

However, there were some remarkable exceptions between 22 and 23 July 2025, where BTC touched $ 120,200, before descending to a minimum of $ 115,000 on July 25, 2025.

Eth went better, going 9% to $ 3,85k at the beginning of the week, before returning to $ 3.75k, scoring a net profit of 5%. This increase coincided with the increase in the US ETF Etheum spot affluent and the increase in institutional demand, pushing the ETH to a maximum of seven months.

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The post bitcoin is aimed at $ 132k milestones after defending the support of $ 118k, the best cryptocurrency to buy now since the supply of M2 currency hits Ath has appeared first on 99 bitcoins.

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