Norway&#8217;s restrictions on Bitcoin mining highlight the tension between energy- intensive industries and sustainable energy priorities. The post Norway to impose temporary restrictions on Bitcoin mining to save electricity appeared first on Crypto Briefing.

Norway to impose temporary restrictions on Bitcoin mining to save electricity

Wyoming’s Stable Token Commission has placed Aptos and Solana at the forefront 
of its stablecoin initiative. One blockchain failed to meet requirements, 
sharpening focus on the two finalists. After narrowing down an initial list of 
11 candidates in April, Wyoming’s…

Solana, Aptos tie for top spot in Wyoming’s hunt for WYST stablecoin partner

Polkadot is approaching extreme oversold conditions after a relentless 
downtrend. With RSI nearing historic lows and price resting on major 
liquidity, a reversal rally could be on the horizon. Polkadot (DOT) has 
endured a steep and persistent downtrend, with its…

Polkadot hits oversold extremes: is a rebound imminent?

Bitcoin’s sell-off is accelerating, and most altcoins are following BTC’s 
path. Will traders buy the dips?

Price predictions 6/20: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, SUI

Coinbase joins other exchanges such as OKX and Bybit that have secured MiCA 
licenses in a bid to take advantage of regulatory clarity in Europe.

Coinbase secures MiCA license, names Luxembourg as EU headquarters

Crypto analyst Colin has highlighted the Bitcoin price’s deviation from the 
Global M2 money supply, raising concerns that the bull run may be over. The 
analyst quickly addressed concerns, noting how such deviations usually happen 
at some point but don’t invalidate the macro trend. Analyst Highlights Bitcoin 
Price’s Deviation From Global M2 Money Supply In an X post, Colin revealed 
that the Bitcoin price has deviated from the global M2 money supply. He noted 
that this deviation was short-term in an otherwise broad correlation. The 
analyst added that this current deviation is similar to the position that BTC 
was in February 2025. Related Reading: Will The Bitcoin Price Move Above 
$110,000 Again? Global M2 Money Supply Shows What’s Next Colin remarked that 
this development doesn’t mean the M2 is broken, just as it wasn’t broken back 
in February. Instead, he claimed that it just means that market participants 
haven’t zoomed out enough and are allowing for the non-correlated periods. The 
analyst added that non-correlation between the Bitcoin price and global M2 
money supply happens 20% of the time. He then alluded to the regular chart, 
which shows the strong correlation between the Bitcoin price and the global M2 
money supply. Colin explained that the M2 is “directionally predictive” for 
BTC and that it is not 1:1 price-related. The analyst further remarked that 
the M2 does not predict a specific BTC price. Instead, the global M2 money 
supply only predicts the market direction, with about 80% accuracy. Colin 
added that the Bitcoin price has its y-axis while the M2 is on a different 
y-axis. He also opined that the M2 may decouple from BTC near the cycle top. 
Although the analyst didn’t provide a timeline for when the cycle top will be, 
his analysis indicates that the cycle top is not yet in and the bull run isn’t 
over. Money Supply Shows No Need To Worry About BTC Price In an X post, market 
expert Raoul Pal suggested that the Bitcoin price’s correlation with the money 
supply shows that there is no need to worry about the current price action. He 
remarked that if 89% of BTC’s price action is explained by global liquidity, 
then by definition, almost all “news” and “narrative” is noise. Related 
Reading: Brace For Impact: Bitcoin Price Primed For Deep Correction Below 
$90,000 This suggests that the current geopolitical risks, heightened by the 
Israel-Iran conflict, are unlikely to impact the Bitcoin price as much as 
expected. Trading firm QCP Capital recently noted that the flagship crypto has 
yet to show full-blown panic, which shows how much the asset has matured. The 
firm remarked that BTC’s resilient price action appears underpinned by 
continued institutional accumulation, with companies like Strategy and 
Metaplanet buying the dip. The Bitcoin ETFs also continue to record positive 
flows. At the time of writing, the Bitcoin price is trading at around 
$104,700, down in the last 24 hours, according to data from CoinMarketCap. 
Featured image from Getty Images, chart from Tradingview.com