The Federal Reserve plans approximately $15.6 billion in Treasury bill reinvestment purchases between September 15 and October 14, but the operations do not represent a new quantitative easing program. Five operations have maximum sizes of roughly $3.891 billion, $1.946 billion, $3.892 billion, $1.946 billion and $3.891 billion, totaling approximately $15.57 billion. The first operation took place on September 17 and settled the following day, with the remaining purchases scheduled through October 14. The buying reflects principal payments from agency securities and follows existing FOMC instructions to reinvest principal from agency debt, mortgage-backed securities and commercial mortgage-backed securities into Treasury bills. The New York Fed schedule contains no reserve-management purchases, which are separate operations used to increase System Open Market Account holdings when officials determine that additional reserves are needed to maintain ample banking conditions. Crypto traders nevertheless interpreted the schedule positively as Bitcoin traded above $78,000 and Ether moved above $2,500. That optimism came as the FOMC unanimously raised the federal funds target range by 25 basis points on September 16 to 3.75%–4.00%, the first rate increase in three years. Policymakers said inflation remained elevated and required a return toward 2%. The schedule therefore reflects mechanical portfolio reinvestment while the Federal Reserve raises short-term borrowing costs, rather than a fresh liquidity injection. Treasury yields, interest-rate expectations, the dollar, regulation and broader risk appetite remain important drivers for Bitcoin, Ether and other markets. The related development is the U.S. Treasury doubling long-bond buybacks to $4 billion as yields surge.