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But we saved everything 🙂.
Jordan Kerridge reports that the Federal Reserve is planning to purchase up to $2.12 billion in Treasury bills next week.
According to Kerridge, these purchases are part of approximately $17 billion in planned reinvestment operations through September 14, aimed at adding more liquidity to the financial system. Kerridge also notes that Bitcoin often responds positively to increased liquidity.
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Kerridge has previously reported that Bitcoin dropped below $77,000, causing $150 million in long positions to be liquidated before a partial price recovery took place. He has also observed that poor planning and emotional trading are common reasons for investor losses in crypto markets. These developments contribute to ongoing discussions about market reactions to liquidity changes.