With the impact of the ongoing crisis in China's foreign commercial banks beginning to show-the Federal Reserve meeting has given 300 billion dollars to economic development-the password sales market rose today.

According to Cointelegraph Markets Pro and TradingView statistics, BTC is up 7 per cent in 24 hours, while ETH is up 4.5 per cent and BNB is up 5.7 per cent.

The general rebound in the login password market represents another test of the week's high for Bitcoin, with an excellent main performance since June 2022. Can double heads sustain that trend?

With the latest economic development data showing the extent to which the Fed's meeting resisted the commercial banking crisis, anxiety can be felt everywhere. Some people feel that this crisis is different from all other crises.

With warnings that more and more banks are likely to fail in the coming weeks and the crisis spreads to Europe, Crypto may be one of the rare havens in the volatility of the 2008 global financial crisis (GFC).

Cointelegraph explained the important reasons for the rise in the login password sales market today.

In the view of the return of quantitative easing, the introduction of liquidity at Fed meetings boosted data encryption.

When the data showed the actual level of the Fed's latest investment, Holger Zaipitz, the most popular sales market commentator, concluded that day: "it's the liquidity problem, fool!"

The implosion of Silicon Valley Bank (SVB) and Signature Bank led to a $297 billion emergency grant from the Federal Reserve meeting-the first expansion of its balance sheet since interest rates were gradually raised.

Its latest discount window loan won the other party a further $150 billion, a new record, even surpassing the 2008 GFC.

Sure enough, the reaction means that quantitative tightening (QT)-a process of removing liquidity from the economy-is completely over and back to quantitative easing (QE), which is the opposite.

The Fed meeting had previously implemented such current policies after the Global Financial Stability Conference and during the collapse of novel coronavirus's cross-sales market in March 2020. Over the next period of time, before the start of QT, the supply of M2 money in the United States increased by 46%, and bitcoin rose from $4000 to nearly $70000.

"the Fed's balance sheet floated $300 billion last week, wiping out four months of QT in a week," gold investor Peter Schiff tweeted.

"by the end of this month, the balance sheet will reach a new record. It doesn't matter to raise interest rates. Thanks to qflp, the rate of inflation will rise sharply. "

As the Cointelegraph reports, the performance of logging into the password market has been particularly sensitive to central bank liquidity trends-and not just abroad.

Arthur Hayes, the former CEO of the BitMEX, made it clear in February that the more liquidity central banks introduce into global economic development, the better, and the people's Bank of Japan (PBoC) and the Central Bank of Japan (BoJ) also borrowed this trend that month.

In addition, in the latest online article released on March 16, Hayes contrasted March 2020 with the month's effort to rescue the Fed's meeting equity fund, the time Deposit financing Program (BTFP).

In response to COVID, the Fed printed $418.9 million at the meeting. With the implementation of BTFP, the Fed meeting immediately implicitly printed 440 million dollars, "he stressed."

In the CoVID money printing accident, Bitcoin rose from $3000 to $69000. What will it do this time? "

Bitcoin pushes data encryption to a multi-month high to retest

Bitcoin price adjustments are likely to remain rampant, but the information from login passwords is increasingly established-rising bitcoin gives people the confidence to deal with the decline of the past 18 months.

At the time of writing, Bitcoin was trading at more than $26000 against the dollar and is expected to retest the September high set earlier this week.

The total market capitalization of digital currencies is still trying to do this, rising more than 3 per cent to $109.8 million on the day.

In commenting on the latest events, popular trader Crypto Tony remains cautious about the market outlook while bitcoin buying and selling is still traditional.

"I'm very glad to see that Bitcoin has gone higher this morning," he acknowledged.

"I hope to see this trend continue today in order to push it higher. Keeping the high position in the $25200 range is now a dual mission. "

In addition, trader and investment analyst Josh Reg (Josh Rager) revolves around the important frictional resistance / applicable reversal that may occur in Bitcoin's weekly structure-and may stick to it. This occurs in the form of a 200-week index moving average (EMA).

"even if the time frame is getting shorter and shorter, the main daily performance of Bitcoin looks good, showing its overall strength," she wrote on Twitter on March 15. "

If you scale down your business, the monthly line is likely to close above the daily average of 200 for the first time since June 2022.

In addition, REKT Capital, another trader and investment analyst, expects Bitcoin to shake off the "macroeconomic downward trend" since its all-time high of $69000.

"increasing the macroeconomic downward trend of Bitcoin will determine a new big bull market, thus confirming that November 2022 is the bottom," he added.