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Story summary
- The Federal Reserve injected $29 billion into the U.S. banking system, marking its largest liquidity boost in more than five years.
- Bitcoin rose 2% to $110,399.66.
- Ethereum rose 1.31% to $3,874.12.
- The total cryptocurrency market capitalization grew to $3.71 trillion, and analysts described the action as a temporary fix for short-term banking stress, not a long-term easing strategy.
- Trading volumes declined, indicating cautious investor sentiment.
