BTC vs FED funding rate

Updated

BTC seems to respond to FED interest rates in a much more acute than gold does, this might be dues to low market cap, besides taking some time to fully absorb those rate changes
take your conclusions

Comment

i believe from september onwards is the time when business started to increace the demand for FIAT currency, due to the increace of rates from the FED, this caused a drop in prices in bitcoin when compared to the dollar, this coincides with the huge spike in REPO rates back in september 2019, showing high demand for the dollar

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