How will the recent fed interest rate hike impact the cryptocurrency market?

1 answers

• Timo Vojnic ZelicSep 06, 2020 · 5 years ago
  At BYDFi, we believe that the recent fed interest rate hike will have a minimal impact on the cryptocurrency market. Cryptocurrencies have shown resilience to external factors such as interest rate changes in the past. The market is driven by factors such as adoption, technological advancements, and investor sentiment. While interest rate hikes may have short-term effects on traditional financial markets, the decentralized nature of cryptocurrencies and their global reach make them less susceptible to such influences. Therefore, we expect the impact of the fed interest rate hike on the cryptocurrency market to be limited.
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