Fed injects billions in QE signal
The Federal Reserve injected $6.67 billion into the market, signaling the start of quantitative easing (QE), which some analysts view as bullish for assets like crypto.
This injection is the first since September, when balance sheet growth was briefly triggered by technical factors. The central bank's action follows recent data indicating a possible slowdown in economic growth. Some economists believe this QE could devalue the dollar, potentially driving investors toward alternative assets like Bitcoin.
