📰 Good to know
How do interest rates affect the cryptocurrency market?
Scott Piesent, U.S. Treasury Secretary: "We are determined to lower interest rates."
When interest rates fall, borrowing becomes cheaper, and investors turn to high-risk assets like cryptocurrencies, leading to price increases 🔝
But when prices rise, traditional investments like bonds become more attractive, pulling money away from cryptocurrencies and slowing market growth 🔽