Federal Reserve’s Latest Move

The Federal Reserve has injected $2.5 billion into the US banking system via overnight repos, as reported by r/Bitcoin and AInvest. This move aims to provide more liquidity to the system, which has been a pressing concern in recent times.

Implications of the Move

According to 99bitcoins, this injection of liquidity is bullish for the Bitcoin price, which has been struggling to break the $90,000 resistance. The total liquidity added this year has now crossed $120 billion, far higher than in prior years.

Expert Insights

Experts believe that this move will have a positive impact on the market, at least in the short term. However, some argue that it may not be enough to address the underlying issues in the banking system.

Technical Analysis

From a technical standpoint, the Federal Reserve’s use of overnight repos to inject liquidity is a common practice. However, the sheer amount of liquidity added this year is unprecedented and may have significant implications for the market.