[Coinbase: The Federal Reserve's 'mild quantitative easing/invisible quantitative easing' may support the cryptocurrency market] According to Golden Finance, Coinbase Institutional published an analysis on the X platform stating: The Federal Reserve's announcement this week to cut interest rates by 25 basis points is in line with market expectations. Additionally, the New York Federal Reserve simultaneously announced a plan to purchase $40 billion in short-term U.S. Treasury bonds over the next 30 days as part of its Reserve Management Plan (RMP), which is also very constructive (Note: The RMP aims to maintain liquidity stability in the financial system by purchasing short-term Treasury bonds, with an initial scale of $40 billion). Furthermore, two interest rate cuts (50 basis points) are expected in the first nine months of 2026, with a more dovish tilt than anticipated. Coinbase Institutional added that this liquidity injection came earlier than expected, and reserve growth may continue until April 2026. The Federal Reserve's shift from reducing its balance sheet to net injections is seen as 'mild quantitative easing' or 'invisible quantitative easing,' which may support the cryptocurrency market.
