The Fed injects $13.5 billion of fresh money in a single night: unprecedented since the Covid crisis
On the night of December 1 to 2, 2025, the Federal Reserve of the United States injected $13.5 billion into the banking system via repurchase agreements (repo).
This intervention, confirmed by the official data from the New York Fed shared on X by Barchart analysts (below), marks the second largest liquidity injection after those made during the heavy restrictions of Covid. These constraints, imposed in 2020, had killed all forms of economy and trade, requiring the creation of magic money by central banks.
The end of QT by the US central bank (and its consequences) helps bring Bitcoin back above $91,500
In a context of persistent tensions in short-term funding markets, this operation by the Fed comes just after it has ended its Quantitative Tightening (QT) program on December 1st, which had been initiated in June 2022 to curb rampant inflation.
The turnaround that occurred last night symbolizes the end of an era of liquidity withdrawal. In the future, this injection of $13.5 billion and the cessation of QT could pave the way for a recovery in 'risky' markets, such as stocks and cryptocurrencies.
Moreover, the future does not seem to wait for digital assets. For if Bitcoin and its counterparts are the first to be negatively impacted by bad news, like the recent troubling rise in Japanese bonds, crypto-assets are also the first to rebound in case of good news.
With Bitcoin at over $91,500 per unit at the time of writing, the decline due to the bad news about Japanese bonds is already completely erased, forming a perfect V-bottom chart pattern. The end of QT and monetary austerity from the US Fed could significantly boost cryptocurrencies. Could we see Bitcoin at $250,000 in the not-so-distant future? Some, like Arthur Hayes, believe it... Even if it will very likely not be before at least 2026.
