Luise P.Jan 01, 2022 · 3 years ago8 answersHow does the daily fed funds rate affect the value of digital currencies?
Can you explain how the daily fed funds rate impacts the value of digital currencies? I've heard that changes in interest rates can have a significant effect on the value of traditional currencies, but I'm not sure how it applies to digital currencies. Is there a direct correlation between the fed funds rate and the value of digital currencies? How do these changes in interest rates influence the demand and supply of digital currencies?
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