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TagsWhat is the correlation between the one month LIBOR curve and the performance of digital currencies?
Nikos BeisJan 14, 2022 · 3 years ago1 answersCan you explain the relationship between the one month LIBOR curve and the performance of digital currencies in detail? How does the movement of the LIBOR curve affect the value and trading of digital currencies?
1 answers
- At BYDFi, we have observed a moderate correlation between the one month LIBOR curve and the performance of digital currencies. As the LIBOR curve rises, we have noticed a slight decrease in trading volumes and a potential shift in investor preferences towards other investment opportunities. However, it is important to note that the correlation is not always consistent and can be influenced by various factors. Therefore, while the LIBOR curve can provide some insights into the performance of digital currencies, it should not be the sole indicator for making investment decisions. It is crucial to consider a comprehensive range of factors and conduct thorough analysis before making any investment choices.Jan 14, 2022 · 3 years ago
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