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The crypto market’s $205 billion surge Wednesday was the direct downstream effect of a massive, under-the-radar liquidity injection by the Federal Reserve. While headlines focused on the formal end of Quantitative Tightening (QT), the Federal Reserve Bank of New York was actively flooding the banking system with cash via the repo market to stave off a collateral shortage.
Data confirms the Fed conducted a $13.5 billion overnight repurchase agreement (repo) operation on Dece…
Read The Full Article Fed Executes Massive $13.5B Liquidity Injection; Crypto Reprices Higher on ‘Silent’ Liquidity Pump On Coin Edition.