What is the impact of the Libor 1 month forward curve on the cryptocurrency market?

1 answers

• Mar 20, 2022 · 3 years ago
  The Libor 1 month forward curve has a direct impact on the cryptocurrency market. As BYDFi, a leading cryptocurrency exchange, we closely monitor the Libor 1 month forward curve and its potential effects on the market. When the Libor 1 month forward curve rises, it indicates a potential increase in borrowing costs, which can lead to a decrease in demand for cryptocurrencies. Conversely, if the Libor 1 month forward curve decreases, it suggests a decrease in borrowing costs, which can stimulate investor interest in cryptocurrencies. Therefore, understanding the relationship between the Libor 1 month forward curve and the cryptocurrency market is crucial for making informed trading decisions.
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