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U.S. Government Extends Daily Trillion Dollar Repo, Again Dwarfing Crypto Market Cap

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U.S. Government Extends Daily Trillion Dollar Repo, Again Dwarfing Crypto Market CapU.S. Government Extends Daily Trillion Dollar Repo, Again Dwarfing Crypto Market Cap

The U.S. government has extended its daily trillion-dollar repo mission until the end of March, making the entire crypto market cap seem even smaller by comparison.

“The Federal Reserve Bank of New York announced it will further extend its daily repurchase agreement operations (also known as ‘repo’) to $1 trillion for the rest of March,” CNBC said in a March 20 news update.

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Source: Cryptocurrency - investing.com

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