In accordance with TheCCPress, the Federal Reserve injected $29.4 billion into the U.S. banking system through overnight repos on October 31, 2025, the largest single-day injection since the 2020 pandemic. This move followed a drop in bank reserves to a four-year low of $2.8 trillion. The injection stabilized the Secured Overnight Financing Rate (SOFR) around 4.35% and prompted optimism in crypto markets, with Bitcoin and Ethereum showing potential for upward movement. Arthur Hayes, CEO of BitMEX, noted that Fed liquidity injections historically drive rallies in risk assets like Bitcoin. Stablecoins and major DeFi protocols also saw increased activity following the intervention.
Fed Injects $29.4B into U.S. Banking System, Crypto Markets React
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