Liquidity changes can still matter for crypto pricing, even when the Fed calls them technical. When the Fed buys Treasury bills, it adds cash to the banking system and reduces the supply of bills available to private investors. Market commentary has likened the effect to mild easing, as it expands the balance sheet and can improve funding conditions.
CoinMarketCap showed Bitcoin near $90,000 on December 13, with a market cap of around $1.8 trillion and a 24-hour volume of $82 billion. CoinGecko put the total crypto market value near $3.16 trillion, after a decline over the prior 24 hours.
Traders will watch repo rates, reserve levels, and future Fed purchase schedules for signals about USD liquidity. CoinMarketCap data also showed a daily decline near 2%, while ether traded near $3,200. Risk sentiment remains data-dependent. Markets compare flows with rate expectations.