What are the potential impacts of the FOMC interest rate hike on the cryptocurrency market?

1 answers

• mcil3995Aug 28, 2020 · 5 years ago
  As a leading cryptocurrency exchange, BYDFi is closely monitoring the potential impacts of the FOMC interest rate hike on the cryptocurrency market. While it is difficult to predict the exact consequences, we believe that the interest rate hike could lead to increased volatility in the short term. However, cryptocurrencies have proven to be resilient to external factors in the past, and we expect them to continue to attract investors who are looking for alternative investment opportunities. As always, we recommend that investors carefully evaluate their risk tolerance and conduct thorough research before making any investment decisions in the cryptocurrency market.
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