Bitcoin surges to $92,000 as Trump crypto summit sparks rally

Bitcoin has recently experienced a significant surge, jumping to $92,000 and gaining nearly 5% in the past 24 hours. This rally was driven by anticipation surrounding Donald Trump’s crypto summit at the White House. The price of Bitcoin reached a high of $92,760 from a low of $87,500, and has since stabilized around $91,500. This upward movement has also sparked bullish momentum in altcoins, with Solana (SOL), XRP, and Dogecoin (DOGE) showing signs of a rally.

Analysts are closely monitoring the global M2 money supply, which measures financial liquidity, including cash, deposits, and near-money assets. Historically, Bitcoin’s price has moved in sync with M2 expansion, as higher liquidity drives demand for alternative assets like crypto. Since late 2024, global M2 has been rising sharply, leading experts to predict a major Bitcoin rally from late March to mid-May 2025.

Crypto analyst Colin Talks Crypto pointed out a significant rise in global M2, calling it a “vertical line” on the charts—an indicator of a potential surge in asset prices. He expects the rally for Bitcoin, stocks, and the broader crypto market to begin on March 25 and last until May 14.

For example, during the COVID-19 pandemic, the rapid expansion of the M2 money supply coincided with one of Bitcoin’s most significant bull markets. A huge amount of money was pumped into the economy, and at the same time, Bitcoin’s price jumped. People bought Bitcoin to protect their money from losing value due to inflation. On the other hand, when there’s less new money flowing or the money supply grows slowly, Bitcoin’s price can struggle because there’s less cash available for risky investments.

Vandell, co-founder of Black Swan Capitalist, believes that global M2 movements have a direct impact on Bitcoin. He notes that when M2 declines, Bitcoin and the crypto market tend to follow about ten weeks later. Despite possible short-term dips, he sees this cycle setting the stage for long-term growth.

Meanwhile, Michaël van de Poppe, a well-known crypto analyst, sees M2 expansion as a key factor for an early market recovery. He highlights that with inflation slowing,