Fed’s $15.6B Treasury Bill Buys Spark Crypto Trader Optimism

• The Fed plans $15.6 billion in Treasury bill reinvestments through Oct. 14.
• Bitcoin traded above $78K as traders tracked the Fed’s multi-week bill schedule.
• The FOMC raised rates 25 bps to 3.75%-4.00%, underscoring that this is not QE.

The Federal Reserve’s Treasury bill schedule has stirred optimism among crypto traders, although the operations remain routine reinvestments rather than a new monetary easing program.

Under the schedule, the Fed plans about $15.6 billion in Treasury bill reinvestment purchases between September 15 and October 14. Specifically, five operations carry maximum sizes of roughly $3.891 billion, $1.946 billion, $3.892 billion, $1.946 billion, and $3.891 billion.

Combined, those purchases total approximately $15.57 billion. The first operation took place on September 17 and settled the following day, while the remaining purchases will c…

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