What is the correlation between 3 month euribor and the price of cryptocurrencies?

3 answers

• Salomonsen CrouchOct 10, 2024 · 9 months ago
  Yes, there is a correlation between the 3 month euribor rate and the price of cryptocurrencies. When the euribor rate increases, it can lead to a decrease in the price of cryptocurrencies. This is because higher interest rates make traditional investments more attractive, causing investors to shift their funds away from cryptocurrencies. On the other hand, when the euribor rate decreases, it can result in an increase in the price of cryptocurrencies as investors seek higher returns in the crypto market. However, it's important to note that the correlation may not always be direct or immediate, as there are various other factors that can influence cryptocurrency prices.
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• Houdaifa BouamineMar 02, 2025 · 5 months ago
  The correlation between the 3 month euribor rate and the price of cryptocurrencies is a topic of debate among experts. While some argue that there is a strong correlation and that changes in the euribor rate can significantly impact cryptocurrency prices, others believe that the relationship is weak or even non-existent. It's worth noting that the cryptocurrency market is highly volatile and influenced by numerous factors, including market sentiment, regulatory developments, and technological advancements. Therefore, it's important to consider these factors alongside the euribor rate when analyzing the price movements of cryptocurrencies.
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• Galaxy CoreA03Sep 17, 2022 · 3 years ago
  According to a study conducted by BYDFi, there is a moderate correlation between the 3 month euribor rate and the price of cryptocurrencies. The study analyzed historical data and found that changes in the euribor rate had a modest impact on cryptocurrency prices. However, it's important to note that correlation does not imply causation, and there are many other factors that can influence cryptocurrency prices. Therefore, while the euribor rate can provide some insights into the price movements of cryptocurrencies, it should not be the sole factor considered when making investment decisions.
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