With quantitative tightening now over, the Federal Reserve has confirmed it will buy around $40 billion in short-term Treasury bills per month. Fed officials framed this move as a “technical” step to keep the plumbing of the financial system running smoothly, according to a Dec. 10 statement and press conference. The combination of ending QT and restarting bond purchases is something markets have not seen since 2021 - the last time a major crypto bull wave took off. Historically, when central banks add liquidity, risk assets such as tech stocks and cryptocurrencies often move first, even if Bitcoin (BTC) is still ... (full story)