US INTEREST RATE and crypto market: How do interest rates affect cryptocurrency | Will Bitcoin rise if interest rates drop?
TABLE OF CONTENT * 1. There are two main types of interest rates * 2 How do interest rates affect cryptocurrency ? * 3 Will Bitcoin rise if interest rates drop ? An interest rate is the percentage charged by a lender to a borrower for the use of assets, typically expressed on an annual basis (called the annual percentage rate, or APR). It represents the cost of borrowing money or the reward for saving it. US interest rate and crypto market 1 There are two main types of interest rates: 1 . Fixed interest rate: The rate remains the same over the life of the loan or savings period. 2. Variable (or floating) interest rate: The rate can fluctuate over time, often in response to changes in market conditions. For loans, such as mortgages or credit cards, the interest rate determines how much the borrower must pay in addition to repaying the principal. For savings or investments, the interest rate determines how much the investor or saver will ear...