Central bank tools that spurred rising global liquidity and a recovering business cycle have historically been strong indicators of Bitcoin’s price movements.
The US Federal Reserve is prepared to use its vast arsenal of monetary policy tools to prevent financial and economic conditions from deteriorating rapidly but will do so only if liquidity dries up or markets become disorderly, a top central banker said.
In an interview with the Financial Times, Boston Fed President Susan Collins said the central bank “would absolutely be prepared” to backstop markets if needed.
Source: Walter Bloomberg
