Quantitative Tightening and its Implications for Crypto
The United States has initiated a move called quantitative tightening (QT), which may put an end to a decade of unprecedented growth in the crypto market. The initiative will see the Fed shrinking its balance sheet month...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The United States has initiated a move called quantitative tightening (QT), which may put an end to a decade of unprecedented growth in the crypto market. The initiative will see the Fed shrinking its balance sheet monthly for the next three months by $47.5 billion. This implies that by September this year the balance sheet may shrink by nearly $95 billion and by the end of 2023, be reduced to $7.6 trillion.
Economic analysts, financial investments and crypto analysts have conflicting opinions, with some observers holding the belief that this initiative could hurt the crypto market ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
CME Nine-Asset Crypto Basket Is 86.29% Bitcoin and Ethereum
Nine crypto coins are now traded inside a single, financially settled futures contract on CME Group’s platform, but Bitcoin and Et...
Ethereum Price Prediction: Could Aztec’s zk.money Drive ETH Higher as Zcash Fuels Privacy Narrative?
Ethereum is trading at $2,665, flat over 24 hours, leaving it below the $2,700–$2,735 resistance band as our recent price predicti...
Ethereum (ETH) Price Prediction: Coinbase Buying Picks Up as ETH Eyes a $2,720 Breakout
Ethereum price is consolidating near $2,680 as buyers attempt to maintain the recovery and push through the next resistance zone....
A $7 billion crypto ETF plumbing boom just ran into the IRS
The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against...
BitMine nears 5% Ethereum threshold, yet stock valuation rules dictate its next move
Ethereum treasury company BitMine Immersion Technologies said on Sept. 28 that it held 6,001,302 ETH, leaving it 103,698 tokens sh...
Ethereum Price Prediction: Could Faster Chainlink Transfers Drive ETH Demand?
ETH trades near $2,665, moving flat over 24 hours, sitting in a tight range that’s testing trader patience. A Chainlink upgrade ro...