Global M2 vs Bitcoin: the latest readings

    Global M2 tracks the money supply of the US, the euro area and Japan. Below are the latest readings next to Bitcoin market cap, each with the date of its data.

    Global M2

    $50.6T

    US, euro area and Japan

    As of September 2026

    M2 change on the year

    +2.7%

    As of September 2026

    Bitcoin market cap

    $1.58T

    As of 2026-10-30

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    What it measures

    M2 is a broad measure of money supply. It counts cash, checking and savings deposits, and other money that is easy to spend.

    Global M2 here adds up the M2 of the US, the euro area and Japan in US dollars. China is not included yet.

    Many traders watch money supply as a sign of liquidity. This page shows Global M2 next to Bitcoin market cap. It does not claim that one drives the other.

    How to read it

    ZoneReadingWhat it means
    M2 growing year on yearChange above 0%The dollar total is larger than a year earlier.
    M2 shrinking year on yearChange below 0%The dollar total is smaller than a year earlier.

    How it is calculated

    • US M2 comes from FRED, the Federal Reserve data service.
    • Euro area M2 comes from the ECB. Japan M2 comes from the Bank of Japan.
    • Euro and yen amounts are converted to US dollars, so exchange rates also move the total.
    • Central banks publish M2 monthly, weeks after the month ends, so the latest month is usually a few months old.
    • The year-on-year change compares the latest month with the same month a year earlier.
    • Bitcoin market cap: circulating supply times the daily price.

    Questions

    What is Global M2?

    The combined M2 money supply of the US, euro area and Japan, converted to US dollars.

    Why show Global M2 next to Bitcoin?

    Many traders watch money supply as a sign of liquidity, and compare it with Bitcoin. This page shows both values. It does not claim one causes the other.

    Why is China not included?

    We do not have a current source for China's M2 yet. The total covers the US, euro area and Japan only.

    Is this financial advice?

    No. The readings describe the economy and the market. They do not tell you what to buy or sell.

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