💵 The Federal Reserve injects liquidity… Does this support the cryptocurrency market? 🚀

The Federal Reserve Bank of New York continues to inject liquidity into the US economy through overnight repurchase operations, pumping approximately $26 billion 💰, including $16 billion in Treasury bills 📄 and $9.95 billion in mortgage-backed securities 🏠.
This move is a potential positive signal for the digital asset market, which is anticipating a rebound as the year-end approaches 📈, despite waning optimism among traders 😟.
The liquidity injection coincided with Bitcoin temporarily rising above $90,000 ₿, before later retreating to around $86,700 📉. The broader market also experienced a decline, with the total market cap dropping to $2.96 trillion 💹, a decrease of nearly 1% over 24 hours ⏳.
With no clear bullish momentum, major cryptocurrencies may end the year with losses 📉; Bitcoin has fallen 6% since the start of the year 🔻, while Ethereum declined 11% ⚡, XRP 10% 💧, and Solana 36% 🌞.
Conversely, Polymarket data 📊 shows fading hopes for a year-end rally, with expectations that Bitcoin will trade within a narrow range ⚖️. The price is also under strong selling pressure 💸 near the $90,000 level, amid continued outflows from ETF funds 📤 and some technical indicators turning negative ⚠️.
In summary: despite liquidity injections 💵, the market remains cautious 🤔, and a decisive trend depends on easing selling pressures and the return of institutional demand in the coming period 🏦.