Earn Crypto Interest Rate Today

Updated: 10:55, January 9

On January 9, the crypto market continued to witness strong fluctuations, especially after the news that the US government was allowed to liquidate 69,000 BTC from the Silk Road case. Bitcoin price dropped to close the CME 94k4 gap, causing the entire market to correct. Over the past 24 hours, more than $655 million was liquidated, including large long positions. However, the stablecoin group still maintains its appeal in the context of money flows seeking stability.

Overall, interest rates on Earn Crypto platforms have shown a slight decrease compared to January 8, especially on DeFi platforms like AAVE. Meanwhile, centralized exchanges (CEX) have seen a smaller decrease.

Compared to January 8, the highest interest rates on DeFi platforms have decreased slightly. AAVE now offers a 9.26% APY for USDT, down from 12.97% the day before. On CEX exchanges, Bybit remains competitive with a 9.04% interest rate for flexible deposits under 500 USDT.

Causes of interest rate impact

The US government's decision to liquidate more than 69,000 BTC has put a lot of pressure on Bitcoin prices, dampening market sentiment and increasing short-term liquidity needs.