Bitcoin price is down today as "FUD" over Binance consumes market sentiment and BTC/USD drops to ten-day lows.
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.
Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good.11423
Cardano whales are largely behind ADA’s price rally in the last week, helped by Bitcoin’s multimonth highs amid the banking crisis and Fed pivot hopes.9244
Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again after the failure of Silicon Valley Bank and Signature Bank.20640
Bitcoin price is up today as the initial shock of the SVB crisis gives way to a BTC price recovery above $20,000 — how could BTC/USD behave now?125752
The crypto market is down today after fallout from Silvergate Bank and a U.S. regulator-led lawsuit against KuCoin weighed on investor sentiment.213174
Market analyst Charles Edwards says that while there are good reasons to exercise caution, investors’ risk-off sentiments and expectation of a recession could be overblown.8011
Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar.4509
BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic.11930
Bitcoin’s upward momentum can continue, according to Asian stablecoin demand and the BTC futures premium.12985
BTC and the crypto market will continue to battle with strong headwinds, but analysts explain why Q3 and Q4 of 2023 could turn out well for Bitcoin.26834
Strong corporate earnings and investors’ anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin.6728
Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1.7212
Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC.12277
Bitcoin and the wider crypto market began to correct after the bullish momentum that drove last week’s rally to year-to-date highs started to fizzle out.10460