Crypto Market Gets Year-end Boost as Fed Injects $74 Billion Into Economy

Group 1 - The New York Fed injected $74.6 billion into the banking system through repo operations, marking the largest operation this year, which is seen as bullish for the crypto market [2][3][7] - This injection follows previous operations where the Fed injected $26 billion on December 29 and $3 billion on December 30, indicating a trend of increasing liquidity support [3] - The crypto market is experiencing liquidity pressures due to the holiday season and tax-loss harvesting, but there are expectations for a year-end rally [4] Group 2 - Bitcoin long-term holders have ceased selling, which may reduce selling pressure on Bitcoin and the broader crypto market [5] - Bitcoin reached a peak of $89,000 earlier in the day but retraced after the U.S. market opened, likely influenced by tax-loss harvesting [5][7] - Bitcoin ETFs recorded a daily net inflow of $355 million on December 30, ending a seven-day streak of outflows, which could support a significant market rally if sustained [6]