“So far, bitcoin has moved in lockstep with liquidity,” Dessislava Ianeva, research analyst at crypto data firm Kaiko, told CoinDesk. Ianeva noted that quantitative tightening (QT), which usually happens when the central bank looks to reduce its balance sheet, “was partially offset by the Treasury spending its cash at the Fed and Bank Term Funding Program, but that push is now exhausted.”
U.S. House’s McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill
The thing to watch, he suggested, is if a lot of Democrats show up to support the bill.McHenry, who is...