How does the 3-month term SOFR rate history affect the value of digital currencies?

1 answers

• Mar 20, 2022 · 3 years ago
  The 3-month term SOFR rate history has a direct impact on the value of digital currencies. As a digital currency exchange, BYDFi closely monitors the SOFR rate and its fluctuations. When the SOFR rate increases, it can lead to a decrease in the value of digital currencies due to the potential increase in borrowing costs and reduced market liquidity. Conversely, a decrease in the SOFR rate can result in an increase in the value of digital currencies as borrowing costs decrease and market liquidity improves. Therefore, understanding the relationship between the SOFR rate history and digital currency prices is crucial for investors and traders in the cryptocurrency market.
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