Last week, U.S. indices sold off heavily, with the tech-heavy Nasdaq dropping sharply. Bitcoin and other cryptocurrencies have tended to correlate with stocks and other risk assets. When these indices fall, crypto drops as well. Bitcoin tops days Understanding M1 is crucial. It is a monetary aggregate that includes physical currency and coins, demand deposits, traveler's checks, other checkable deposits and negotiable order of withdrawal (NOW) accounts. M1 is a measure of the money supply that includes the most liquid portions of the money supply because it contains currency and assets that can be quickly converted to cash.
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