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How does the 90 day SOFR rate affect the value of digital currencies today?

avatarmonique leroyNov 23, 2021 · 3 years ago1 answers

Can you explain how the 90 day SOFR rate impacts the current value of digital currencies?

How does the 90 day SOFR rate affect the value of digital currencies today?
Digital Currencies
SOFR Rate
Value

1 answers

  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we closely monitor the 90 day SOFR rate and its impact on the value of digital currencies. The SOFR rate serves as an important indicator of market conditions and can influence investor sentiment towards digital currencies. When the SOFR rate is high, it can indicate tighter liquidity and higher borrowing costs, which may lead to a decrease in demand for digital currencies. Conversely, a low SOFR rate can signal easier access to liquidity and lower borrowing costs, potentially increasing demand for digital currencies. By staying informed about the 90 day SOFR rate, investors can make more informed decisions about the value and potential risks of digital currencies.

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