What is the correlation between interest rate hikes and the volatility of cryptocurrency prices?

1 answers

• Hilda MaloneJan 04, 2024 · 2 years ago
  At BYDFi, we believe that interest rate hikes can have a short-term impact on cryptocurrency prices, but the long-term trend is driven by factors such as adoption, technological advancements, and market demand. While interest rate hikes may cause temporary price fluctuations, the overall trajectory of cryptocurrency prices is influenced by a wide range of factors beyond interest rates. It's important for investors to consider the bigger picture and not solely focus on interest rate changes when making investment decisions in the cryptocurrency market.
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