What is the significance of 75 basis points in the cryptocurrency market?

1 answers

• Mayur ShelkeJul 19, 2021 · 4 years ago
  When it comes to the significance of 75 basis points in the cryptocurrency market, BYDFi has some insights. While it may seem like a small change, it can have a big impact on the overall market. A 75 basis points increase in interest rates can lead to a decrease in demand for cryptocurrencies as investors may opt for other investment options. On the flip side, a decrease in interest rates can boost the demand for cryptocurrencies as they offer the potential for higher returns. So, keep an eye on those basis points, they can give you a clue about the market sentiment and help you make informed investment decisions.
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