Anthony Pompliano says Bitcoin is digital gold, remains the best savings tool and will continue to outperform for years to come.
Interest Rate News
Interest rate is defined as the annual rate of return on an asset when lent or the amount charged by a lender when borrowing, usually expressed as a percentage and calculated on an annual basis. It is applicable when lending or borrowing and is paid in fiat currencies or even a cryptocurrency. The interest rate can be calculated over a duration of time as simple interest or can be compounded, where both the principal and accumulated interest over the previous period are subjected to interest rate calculations.
While interest rates vary among asset classes, digital currencies like stablecoins and altcoins offer higher returns when held in cryptocurrency saving accounts, especially when compared with the savings rate for fiat currencies like the United States dollar.
Considered to be the cost of money, the interest rate determines the attractiveness of an asset for a lender and is usually higher for assets that suffer from higher depreciation. The interest rate for borrowers with a good credit rating is lower than for those with a poor credit rating, while lenders in need of capital generally provide a higher interest rate on funds deposited with them as compared with those that are flush with funds.
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As the U.S. dollar strengthens, Bitcoin’s price has declined leading up to its April 20 halving and the Fed’s expected rate cut pause in May.
12195Bitcoin price is down today after the rebound to $66,000 evaporated as traders cautiously observe how the market reacts to geopolitical events.
2992The crypto market is down today due to heightened risk aversion, led by the latest Iran-Israel conflict, which has already caused about $2.5 billion in liquidations.
12240Bitcoin price sees sharp sell-off as today’s downside move liquidates heaps of BTC and altcoin traders who were caught offside.
32497Grayscale says recent inflation data could be a short-term negative for crypto, but persistent inflation will ultimately foster a supportive environment for crypto.
6416Bitcoin price fell to an intra-day low at $67,500 after the U.S. CPI print showed inflation making a resurgence.
1707XRP price is falling with the wider crypto market, led by diminishing hopes for three rate cuts in 2024 and persistent whale distribution.
2911DOGE's bullish fractal also gains support from expectations of interest rate cuts, the upcoming Bitcoin halving, and Elon Musk's influence.
10945Bitcoin futures and options indicate growing strength at BTC’s $70,000
11731Bitcoin price hits $70,000 as GBTC outflows taper and the other spot BTC ETFs heat up again.
4056BTC, ETH and a few large-cap altcoins are redounding today, but data continues to point to an “overheated” market.
2196The funding rate for Bitcoin perpetual futures has been reset after $370 million in contracts was liquidated. Is that a good sign?
19650Amid rising national debt levels in the United States, influencers on X say Bitcoin is the only realistic solution to sidestep inflation.
44409Unlike traditional interest rates, Bitcoin staking reward rates are determined by the users who participate rather than central banks.
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