Bitcoin is down 1.7% over the last 24 hours after running into resistance above the $108,000 level, among other drivers that are weakening bullish momentum.
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.
- Markets News4618
- News
The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge.
10025 - News
Ether investment products saw $296 million in inflows last week despite a market slowdown, as investors await clarity from the US Fed’s June rate decision.
4668 - News
Crypto policy developments may result in a Bitcoin cycle top of over $150,000, according to the head of US at Foresight Ventures.
10173 - Markets News
Spot Bitcoin ETF flows play a key role in the asset’s price action, but macroeconomic and geopolitical concerns are also impacting investors’ choice to buy BTC.
2156 - Market Update
Bitcoin eyes fresh multiday lows with risk assets suffering from a lack of volatility catalysts and fading hopes of a Fed rate cut before September.
7648 - Market Analysis
Bitcoin gains traction as corporate BTC adoption soars and investors hold a critical view of systemic financial risks in the US.
5685 - Market Update
Bitcoin bulls keep up pressure on multimonth highs with volatility spiking and the Fed due to deliver hints as to its stance on interest rate policy.
3958 - Market Update
Bitcoin price catches a bid as bulls defend the $94,000 level as support and pile into margin long positions ahead of this week’s Federal Reserve interest rate decision.
4757 - Price Analysis
Bitcoin gave up some of its recent gains, but select altcoin charts still look poised for a breakout.
4711 - Market Analysis
Bitcoin’s price is ready to break out of consolidation as alarming US GDP data increases chances of Fed interest rate cuts.
12385 - Market Update
Bitcoin bulls return in force as traders shake off bearish US economic news and attempt to reclaim the $95,000 level.
2714 - Market Analysis
Today’s JOLTS report showed a sharp drop in open US jobs, but this might not be a bad outcome for Bitcoin.
8941 - News
Bitcoin decouples from stocks and gains safe-haven appeal amid the US-China trade war and rising US recession odds, says Nansen CEO.
4658 - News
Institutional investment and Bitcoin ETFs have accelerated the four-year Bitcoin halving cycle despite growing uncertainty fueled by global trade wars.
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