The U.S. Federal Reserve balance sheet rises by $300 billion as the central bank starts money printing for rescuing cash-strapped banks since the collapse of Silicon Valley Bank and Signature Bank. Bitcoin and Ethereum prices have soared higher as a result, with broader crypto market sentiment turning bullish. US Banks borrowed a combined $164.8 billion from the U.S. Federal Reserve. Borrowing at the Fed's discount window rose from $4.58 billion in the previous week to $152.9 billion as of March 15. The Fed emergency facility will help banks meet short-term funding needs. The prior all-time high was $111 billion during the 2008 financial crisis. Moreover, the Federal Reserve lent an additional $11.9 billion to U.S. banks under the new emergency Bank Term Funding Program to stop bank runs after the failure of Silicon Valley Bank. In addition, the federal regulators or agencies were provided $142.8 billion to manage the two banks. Cameron Winklevoss, co-founder of crypto exchange Gemini, said he is more bullish on Bitcoin as the U.S. Federal Reserve balance sheet rises by $300 billion.
Breaking: US Fed Prints $300 Billion, Bitcoin Price and Ethereum to Rally
The U.S. Federal Reserve balance sheet rises by $300 billion as the central bank starts money printing for rescuing cash-strapped banks since the collapse of Si
