The "M3 Money Supply (YoY) — euro area" measures the total amount of money circulating in the eurozone, including cash, bank deposits, and other liquid assets, compared to the same month last year. When M3 grows quickly, it signals more money in the economy, which can lead to inflation and sometimes pushes investors toward assets like crypto and bitcoin as a hedge. Conversely, slower M3 growth can mean tighter financial conditions, which may reduce demand for riskier assets like crypto.

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