_bitcoin-soars-above-3671000-as-bank-of-canada-cuts-interest-rates-for-the-first-time-in-four-years.jpg "Bitcoin Soars Above $71,000, as Bank of Canada Cuts Interest Rates for the First Time in Four Years from long march part Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 730K times
✓ Published: 07-Jun-2024
👁 View: 730K times
✓ Published: 07-Jun-2024
Description:
The Bank of Canada cut its benchmark interest rate by 25 basis points, the first cut in four years. The price of Bitcoin rose above $71,000, its highest since March, settling around $70,900. Lower interest rates are generally good for risky assets like Bitcoin, as they make borrowing money cheaper and increase the money supply. The Bank of Canada governor said confidence in returning inflation to their 2% target has increased. The US Federal Reserve is expected to keep rates steady in June but cut by September according to market forecasts.
The Bank of Canada cut its benchmark interest rate by 25 basis points, the first cut in four years. The price of Bitcoin rose above $71,000, its highest since March, settling around $70,900. Lower interest rates are generally good for risky assets like Bitcoin, as they make borrowing money cheaper and increase the money supply. The Bank of Canada governor said confidence in returning inflation to their 2% target has increased. The US Federal Reserve is expected to keep rates steady in June but cut by September according to market forecasts.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_liberias-roza-ship-attacked-houthi-forces-vow-continued-ship-strikes-until-end-of-gaza-war.webp "Yemen's forces struck Israeli and U.S. ships in support of Palestinians facing an \")
⏲ 3:4 👁 3.1M
_axis-of-war-2-my-long-march.webp "Justin Moore")
_vangelis-the-long-march-part-2-athens-chung-kuo.webp "Mohi 58")
_iowa-state39s-strong-defense-poised-to-dominate-big-12.webp "Iowa State's Strong Defense Poised to Dominate Big 12 from long march part")
_witness-the-long-march-part-1.webp "Al Jazeera English")
_hundreds-of-photos-show-sheffield39s-92.webp "Hundreds of photos show Sheffield's \")
_20th-october-1935-the-6000-mile-long-march-by-the-red-army-of-the-communist-party-of-china.webp "HistoryPod")
⏲ 2 minutes 27 seconds 👁 5K
_the-long-march-part-1.webp "kuaibanshumaster")
_liberias-roza-ship-attacked-houthi-forces-vow-continued-ship-strikes-until-end-of-gaza-war.jpg)
_axis-of-war-2-my-long-march.jpg)
_vangelis-the-long-march-part-2-athens-chung-kuo.jpg)
_iowa-state39s-strong-defense-poised-to-dominate-big-12.jpg)
_witness-the-long-march-part-1.jpg)
_hundreds-of-photos-show-sheffield39s-92.jpg)
_20th-october-1935-the-6000-mile-long-march-by-the-red-army-of-the-communist-party-of-china.jpg)
_the-long-march-part-1.jpg)
![[+]](/images/menu.gif){kind=small}