The Fed Stops QT, Bitcoin Returns to the US$88 Thousand Area $BTC
Bitcoin (BTC) has once again touched the trading area of US$88 thousand on Tuesday (02/12) evening. This event ends the decline that occurred yesterday at the beginning of December.
This incident took place as the Federal Reserve (The Fed) ended its Quantitative Tightening (QT) policy, a monetary policy of the central bank to reduce M2 or the amount of money in circulation, valued at US$6.57 trillion.
This indicator is closely related to providing positive sentiment towards the crypto market. Generally, this monetary policy of the United States (US) central bank is expected to push the amount of money supply in circulation higher than before.
For your information, this policy was previously implemented during the COVID-19 pandemic to curb inflation and attract liquidity circulating in the market.
