English PoliticsDec 16, 2021 · 3 years ago3 answersHow will another interest rate hike affect the value of cryptocurrencies?
With another interest rate hike on the horizon, many cryptocurrency investors are wondering how this will impact the value of digital currencies. How will the increase in interest rates affect the overall market sentiment towards cryptocurrencies? Will it lead to a decrease in demand and a subsequent drop in prices? Or will it have a positive effect on the value of cryptocurrencies, as investors seek alternative investment opportunities? What are the potential implications of an interest rate hike on the stability and volatility of the cryptocurrency market?
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