Crypto Market Gets Year-end Boost as Fed Injects $74 Billion Into Economy
The crypto market is looking to stage a year-end rally before 2026 begins and has received a major boost with the New York Fed’s overnight repo operations, its largest this year. This development coincides with the significant inflows that the Bitcoin ETFs recorded yesterday, breaking their seven-day outflow streak in the process.
Fed Injects $74 Billion, Providing a Boost for the Crypto Market
The New York Fed’s repo operations show that the U.S. central bank injected $74.6 billion into the banking system today. This came through a $31.50 billion purchase of U.S. treasury bills and a $43.1 billion purchase of mortgage-backed securities.
This marks the third consecutive repo operation this week. As CoinGape reported, the Fed…
