😳 WALL STREET’S $14.6B MOVE… WILL CRYPTO BENEFIT?
The New York Fed has scheduled Treasury bill reinvestment operations totaling up to $14.612 billion for October 15 through November 13
These operations will reinvest principal payments from agency securities, including mortgage-backed securities, into Treasury bills
Some crypto traders view this as a potential liquidity tailwind for Bitcoin and altcoins. However, reinvestments are not the same as a fresh $14.6 billion cash injection into the market
Inflation, Treasury yields and broader financial conditions will still play a major role in determining crypto’s next move
Will this development support BTC, or will inflation concerns continue to weigh on the market?
#FederalReserve #BTC
The New York Fed has scheduled Treasury bill reinvestment operations totaling up to $14.612 billion for October 15 through November 13
These operations will reinvest principal payments from agency securities, including mortgage-backed securities, into Treasury bills
Some crypto traders view this as a potential liquidity tailwind for Bitcoin and altcoins. However, reinvestments are not the same as a fresh $14.6 billion cash injection into the market
Inflation, Treasury yields and broader financial conditions will still play a major role in determining crypto’s next move
Will this development support BTC, or will inflation concerns continue to weigh on the market?
#FederalReserve #BTC