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Why is it said that the crypto market needs sky-high interest rates?
Sep 24, 2023 at 04:52
Member Since Aug 16, 2023
7 posts
The Federal Open Market Committee (FOMC) decided in September to keep interest rates at the expected level of 5.25% to 5.5%. However, surprisingly, they raised their forecasts for future federal funds rates, indicating the possibility of long-term interest rate increases. This has had a negative impact on both the general market and the cryptocurrency market. Investors are increasingly realizing that they cannot rely solely on central bank policies, so the future of the crypto market may depend on the viability of its ecosystem and how investors perceive its value. If the SEC approves a Bitcoin ETF, it could potentially trigger growth in the crypto market; otherwise, the market will continue to be influenced by macroeconomic factors and policies.

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