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What is the correlation between the one month LIBOR curve and the performance of digital currencies?

avatarLucy Ciara Herud-ThomassenNov 25, 2021 · 3 years ago1 answers

Can you explain the relationship between the one month LIBOR curve and the performance of digital currencies in detail? How does the movement of the LIBOR curve affect the value and trading of digital currencies?

What is the correlation between the one month LIBOR curve and the performance of digital currencies?
Digital Currencies
LIBOR Curve
Performance

1 answers

  • avatarNov 25, 2021 · 3 years ago
    At BYDFi, we have observed a moderate correlation between the one month LIBOR curve and the performance of digital currencies. As the LIBOR curve rises, we have noticed a slight decrease in trading volumes and a potential shift in investor preferences towards other investment opportunities. However, it is important to note that the correlation is not always consistent and can be influenced by various factors. Therefore, while the LIBOR curve can provide some insights into the performance of digital currencies, it should not be the sole indicator for making investment decisions. It is crucial to consider a comprehensive range of factors and conduct thorough analysis before making any investment choices.

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