How does the SOFR rate for a 3-month period affect the cryptocurrency market?

1 answers

• May 12, 2022 · 3 years ago
  As a representative from BYDFi, I can say that the SOFR rate for a 3-month period does have an impact on the cryptocurrency market. However, it is important to note that the cryptocurrency market is highly volatile and influenced by various factors. While the SOFR rate can provide insights into the overall borrowing costs in the economy, it is just one piece of the puzzle. Traders and investors should consider a range of factors and conduct thorough research before making any investment decisions in the cryptocurrency market.
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