Crypto Frenzy Imminent as Fed Focus On Liquidity Operation

• Along with other central banks, the US Federal Reserve is working jointly.
• This concerted move aims to boost liquidity via the standing U.S. dollar liquidity swap line arrangements.
• The cryptocurrency community is optimistic about this move.

The cryptocurrency community is once again optimistic following a March 19 announcement by the Federal Reserve. The statement highlights the Fed`s efforts to support the economy by collaborating with other central banks: the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank.

Coordinated central bank action to enhance the provision of U.S. dollar liquidity: https://t.co/Qs4cYY8BFO

— Federal Reserve (@federalreserve) March 19, 2023

This coordinated action’s alleged primary objective is to strengthen liquidity provision through the standing U.S. dollar liquidity swap line arrangements. This initiative also aims to ensure the smooth functioning of financial markets, facilitate cross-border credit flows, and ease the strain on the global financial system caused by the ongoing economic crisis.

Concretely, the frequency of operations with a 7-day maturity will a…

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