What impact does the feds fund rate today have on the cryptocurrency market?

1 answers

• MahdiOct 19, 2023 · 2 years ago
  The feds fund rate today does have an impact on the cryptocurrency market. When the feds fund rate increases, it can lead to higher borrowing costs for businesses and individuals. This can reduce investment and spending, which can have a negative effect on the cryptocurrency market. Conversely, when the feds fund rate decreases, it can lower borrowing costs, which can stimulate investment and spending. This can have a positive impact on the cryptocurrency market, as it can attract more investors and increase market activity. Therefore, changes in the feds fund rate should be closely monitored for their potential impact on the cryptocurrency market.
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