How can the USD SOFR rate affect the price of digital currencies?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we closely monitor the impact of the USD SOFR rate on digital currencies. While the direct relationship between the USD SOFR rate and digital currency prices may not be immediately apparent, it is important to consider the broader implications. Changes in the USD SOFR rate can reflect changes in market sentiment, risk appetite, and overall economic conditions. These factors can indirectly influence the demand for digital currencies and subsequently affect their prices. Therefore, it is crucial for traders and investors to stay informed about the USD SOFR rate and its potential implications on the digital currency market.
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