_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 a20e samsung price 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: 865K times
✓ Published: 07-Jun-2024
👁 View: 865K 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
_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.webp "OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.")
_samsung-galaxy-a20e-review-affordable-one-ui-phone-with-dual-camera.webp "GSMDome")
⏲ 22 minutes 13 seconds 👁 19.3K
_samsung-galaxy-a10e-vs-samsung-galaxy-a20e-in-2023.webp "Tech through Toni")
_for-samsung-note-5-lcd-frame.webp "For Samsung Note 5 LCD Framennhttp://www.oriwhiz.com/products/samsung-note-5-lcd-frame-1200538nnMore details please click here:nhttps://www.oriwhiz.comn-------------------------nnnE-mail: Robbie: sales2@oriwhiz.comnSherry: vendite6@oriwhiz.comnAlice lei: sales5@oriwhiz.comnSara Chen: sales7@oriwhiz.comn Ryan Zhan: sales8@oriwhiz.comnWhatsapp: Robbie:+8613651434581nSherry:+8615168583523nAlice Lei:+85257006578nSara Chen:+8618420186807n Ryan Zhan:+8619974666163nsamsung note")
_samsung-galaxy-a20e-unboxing-amp-first-look.webp "WHCVIP")
_how-much-have-burger-king-prices-gone-up-since-2019.webp "Here's how much the price of some of Burger King's most popular items have gone up since 2019.")
_ethiopianews-shewa.webp "WAMERA")
_-124-mobile-phone-124-gold-124-bd-budget-2024-2025-124-somoy-tv.webp "SOMOY TV")
⏲ 1 minute 39 seconds 👁 10.5K
_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.jpg)
_samsung-galaxy-a20e-review-affordable-one-ui-phone-with-dual-camera.jpg)
_samsung-galaxy-a10e-vs-samsung-galaxy-a20e-in-2023.jpg)
_for-samsung-note-5-lcd-frame.jpg)
_samsung-galaxy-a20e-unboxing-amp-first-look.jpg)
_how-much-have-burger-king-prices-gone-up-since-2019.jpg)
_ethiopianews-shewa.jpg)
_-124-mobile-phone-124-gold-124-bd-budget-2024-2025-124-somoy-tv.jpg)
![[+]](/images/menu.gif){kind=small}