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On December 15, 2021, the US Federal Reserve policymaker Jerome Powell announced that it would double accelerate reducing the asset purchases program from the market – from $15 billion to $30 billion monthly. The purchases of US Treasury securities will be cut by $20 billion and mortgage-backed securities by $10 billion.
The Fed’s decision to accelerate the tapering of economic incentives will decrease cash injections into the US stock market, which will slow down its growth. In response to this event, the crypto market is in a relatively unstable state since the Fed’s decision may lead to a collapse of the US stock market, which will inevitably pull cryptocurrencies down with it.
In addition to the Fed’s actions impacting Bitcoin,