The "M3 Money Supply (3m) — euro area" measures the total amount of money circulating in the eurozone, including cash, deposits, and some other liquid assets, over a recent three-month period. If M3 is growing fast, it suggests more money is available, which can lead to inflation and often pushes investors toward assets like crypto and bitcoin as hedges. Conversely, slower M3 growth can signal tighter money conditions, which may reduce demand for riskier assets like crypto.

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