The cryptocurrency market may be entering a challenging phase as global money supply (M2) growth has fallen into negative territory for the first time this year. At the same time, the likelihood of the Federal Reserve raising interest rates has been increasing in March. This trend is raising investor concerns and prompting earlier reactions. 7-Week M2 Growth Turns Negative for the First Time in 2026 Data from BGeometrics shows that global M2 growth, measured over a 7-week cycle, has turned negative for the first time since the beginning of 2026