Banks ClausenNov 24, 2021 · 3 years ago3 answers Is there a correlation between the JP Morgan prime rate and the price movements of popular cryptocurrencies like Bitcoin?
Is there a relationship between the JP Morgan prime rate, which is the interest rate that JP Morgan charges its most creditworthy customers, and the price movements of popular cryptocurrencies like Bitcoin? Can changes in the prime rate influence the price of Bitcoin and other cryptocurrencies? How does the prime rate, which is determined by JP Morgan, affect the overall cryptocurrency market? Are there any studies or research that have explored the correlation between the JP Morgan prime rate and the price movements of cryptocurrencies?