The U.S. Federal Reserve has concluded its Quantitative Tightening (QT) program, injecting over $13 billion into the financial system. This move has sparked significant gains in the cryptocurrency market, with Bitcoin climbing 6.5% to $93,965 and XRP surging over 10% to $2.22. The increase in liquidity has led to record inflows into XRP ETFs, highlighting growing institutional interest.
Crypto investor Paul Barron suggests that the return of liquidity could particularly benefit utility tokens like XRP, which are increasingly used for real-time settlement. Despite the positive momentum, analysts caution about potential short-term volatility, referencing a similar scenario in July 2024 that resulted in a sharp Bitcoin decline.
Fed Halts QT, Boosting Bitcoin and XRP Prices
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
