The U.S. Federal Reserve has conducted overnight repo operations totaling $29.4 billion, marking the highest daily injection in nearly five years. This significant liquidity boost comes as the financial system faces increased demand for short-term funds. The move could impact Bitcoin, as investors often turn to cryptocurrencies as a hedge against tightening monetary conditions and traditional market volatility. Analysts note that such interventions by the Fed have historically been associated with heightened interest in Bitcoin.
Fed Injects $29.4 Billion in Liquidity Amid Market Strain
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