The Federal Reserve injected $19.5 billion into the banking system via overnight repurchase agreements—a significant move that signals fresh liquidity entering the market. When the Fed pumps cash through repos, it typically eases short-term funding pressures and can shift investor appetite toward riskier assets, including crypto. This kind of monetary action matters because it affects the overall risk environment. More liquidity floating around often means more capital looking for yield, and that can flow into everything from equities to digital assets. Watch how market conditions respond—these operations are usually early signals of broader policy shifts. The timing and scale here suggest authorities are keeping a close eye on system stability.