Bitcoin Liquid IndexUpdated BTC vs FED funding rate
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
take your conclusions
Note
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.