Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K? By Cointelegraph

As of March 22, the Fed’s balance sheet surged by nearly $94.5 billion — a $297 billion increase from the last week when the banking crisis started.

Overall, the U.S. central bank’s liabilities increased by $393 billion in the last two weeks to $8.734 trillion. That is closer to the all-time high of $8.95 trillion a year ago when the Fed started its quantitative tightening program and reduced its assets by $600 billion.