Dogecoin Price Ready for A Breakout As Charts Print Rare Bullish Signal

Hashflow (HFT), a decentralized exchange (DEX) that uses a Request for Quote (RFQ) mechanism, has just posted a sharp spike in trading volume and impressive price performance at the start of July.

While the broader altcoin market still struggles to recover, what helped HFT move against the trend?

Hashflow (HFT) Leads DEX Tokens With a Gain of Over 100%

According to data from BeInCrypto, HFT’s price soared more than 100% in just the past two days. Currently, HFT is trading around $0.135 — its highest price since February 2025.

On June 30, HFT recorded a daily increase of over 80%. That day marked its strongest single-day performance since the peak back in 2023.

Additionally, CoinMarketCap data shows HFT’s 24-hour spot trading volume has surpassed half a billion USD. This is the highest daily volume of the year and is 25 times higher than its recent daily average.

This price surge has made HFT the best performer among DEX tokens, making the DEX sector the best-performing crypto segment over the past week.

Data suggests investors are buying back into HFT heavily after the token lost up to 95% of its value over nearly three years.

What’s Driving HFT’s Price Rally?

In June, Binance announced support for HFT deposits on the Solana network, alongside other integrations with platforms like Jupiter and Titan.

“Hashflow is growing fast in the Solana ecosystem. Binance now supports HFT on Solana and so do we. We’ve already integrated with Jupiter, Kamino, and Titan. More integrations are coming,” Hashflow stated.

These developments may have sparked positive investor sentiment and fueled HFT’s price rally.

However, this rally could face some challenges. First, the project’s token unlock schedule continues daily and will last until the end of 2028. Currently, only 36.5% of HFT’s total supply is in circulation, while each month, an additional 15.8 million HFT—equal to 1.58% of the total supply—is unlocked.

Moreover, CoinMarketCap data shows that nearly 70% of HFT’s supply is held by whales.

Although holders who have kept tokens for over a year account for more than 71%, many have endured a price drop of over 90% in nearly three years. These long-term holders might sell if the price recovers.

Although HFT’s price surged, Hashflow’s TVL showed no significant breakout. It remains modest at just $618,000, while its daily DEX trading volume stands around $7.6 million.

Together, these data points highlight that the real challenge for Hashflow lies in sustaining this price momentum, rather than it being just a short-term breakout.

The post Hashflow (HFT) Leads DEX Tokens With Over 100% Surge — What’s Fueling the Rally? appeared first on BeInCrypto.

The global M2 money supply has surged to an all-time high of $108.4 trillion, raising fresh questions about Bitcoin’s next move. 

The milestone comes amid escalating economic uncertainty following former President Donald Trump’s new “Liberation Day” tariffs and China’s swift retaliatory measures, which together have roiled global markets.

What is M2 and Why Does It Matter for Bitcoin?

Despite the extreme volatility over the past two weeks, Bitcoin’s average value has remained almost unchanged. 

Analysts claim that Bitcoin’s latest volatility reflects macroeconomic fears and fluctuating long/short ratios – but the largest cryptocurrency is nowhere near a bear market. 

This is largely due to the historical correlation between rising M2 levels and significant Bitcoin rallies.

M2 is a broad measure of a country or region’s money supply. It includes physical cash, checking and savings deposits, and other liquid assets that can be quickly converted to cash. 

When M2 increases, it typically signals greater liquidity in the financial system. It simply means more money that often seeks returns in riskier assets such as equities, real estate, or cryptocurrencies like Bitcoin.

Past surges in the M2 money supply have preceded major Bitcoin rallies. Following the COVID-era stimulus programs in 2020-2021, the US M2 supply jumped by over 25%. 

This correlated with Bitcoin’s rise from under $10,000 in mid-2020 to an all-time high of over $69,000 by November 2021. Analysts point to a similar pattern today, albeit with a lag.

“Market proponents say that Trump’s tariffs are primarily a negotiation strategy, and their effect on businesses and consumers will remain manageable. Adding to the uncertainty are the inflationary pressures that could challenge the US Federal Reserve’s rate-cutting outlook. Also, resolving the debt ceiling remains a pressing issue, as the Treasury currently relies upon ‘extraordinary measures’ to meet US financial obligations. The exact timeline for when these measures will be exhausted is unclear, but analysts anticipate they may run out after the first quarter,” said Maksym Sakharov, Co-Founder of WeFi Deobank.

Also, Bitcoin’s price often trails global M2 growth by roughly two months. 

With M2 accelerating since late February and the current spike taking it to its highest level ever, market watchers suggest that Bitcoin could see a delayed but strong upside if liquidity continues to expand.

However, macroeconomic headwinds could temper near-term gains. Trump’s tariff shock and China’s tit-for-tat response have already triggered the steepest Wall Street losses in five years. 

Investors may delay allocating capital to high-volatility assets until trade tensions stabilize.

Still, with M2 surging and Bitcoin supply capped, the setup for a renewed bullish move remains in place. That is if historical patterns hold and markets regain confidence.

The post Bitcoin Price Correlation with M2 Money Supply Signals a Bullish Q2  appeared first on BeInCrypto.