#加密生态动态追踪 The recent series of actions by the Federal Reserve are worth paying attention to. A 25 basis point rate cut was expected, but the real highlight is the announced Treasury reserve management purchase plan.

This plan is set to be launched within the next 30 days and essentially injects liquidity directly into the financial system. Its effects are expected to last until April 2026, resembling a long-term "stimulant."

From a broad perspective, the Federal Reserve has shifted from balance sheet reduction to net liquidity injection — which is essentially a form of quantitative easing, just expressed in a more moderate way. Coupled with federal funds futures indicating two more rate cuts in the first nine months of 2026 (a total of 50 basis points), the hawkish market sentiment is indeed easing.

For cryptocurrencies? Ample liquidity means the market has available funds. This relaxed monetary environment usually provides some support for crypto assets. Simply put: when the Fed loosens, the crypto market may benefit.