_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 amanzoe resort prices 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: 710K times
✓ Published: 07-Jun-2024
👁 View: 710K 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
_top-9-best-aman-resorts-in-the-world.webp "Highkey Trips")
_gravesend-vintage-shop-owner-says-she-cannot-afford-to-keep-going.webp "Owner of Forget-Me-Not Vintage & Dolls House Sarah Cheshire says she has been \")
_amanzoe-luxury-hotel-amp-resort-in-greece.webp "VISION Signature")
_inside-a-greek-supermarket-current-prices-shopping-tips-and-full-price-breakdown.webp "My Greek Lifestyle đŦđˇ")
⏲ 14 minutes 46 seconds 👁 5.4K
_imerovigli-santorini-best-caldera-hotels-amp-where-to-stay.webp "Santorini Dave")
_athens-greece-best-hotels-amp-where-to-stay-in-2024.webp "Santorini Dave")
_the-biggest-development-from-the-2023-24-bruins-124-bruins-beat.webp "On this episode of Bruins Beat, Evan Marinofsky is joined by Mark Divver of the New England Hockey Journal to discuss the biggest takeaways and breakout performances of the 2023-24 season, and who fans could expect to see in the Bruins lineup next year. That, and much more!<br/><br/><br/><br/>Topics: <br/><br/>- Divver has some thoughts on the season <br/><br/>- The Bruins have something in Mason Lohrei <br/><br/>- Lohrei fills a need next season<br/><br/>- What should the Bruins do this offseason? <br/><br/>- Divver likes a top free agent defenseman <br/><br/>- Will they pay anyone more than David Pastrnak? <br/><br/>- Could anyone from Providence come up next season? <br/><br/>- The Fabian Lysell dilemma<br/><br/><br/><br/><br/><br/>This episode is brought to you by PrizePicks! Get in on the excitement with PrizePicks, Americaâs No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. Itâs that Easy! Football season may be over, but the action on the floor is heating up. Whether itâs Tournament Season or the fight for playoff homecourt, thereâs no shortage of high stakes basketball moments this time of year. Quick withdrawals, easy gameplay and an enormous selection of players and stat types are what make PrizePicks the #1 daily fantasy sports app! Visit PrizePicks.com/CLNS<br/><br/><br/><br/>Take the guesswork out of buying NBA tickets with Gametime. Download the Gametime app, create an account, and use code CLNS for $20 off your first purchase. Download Gametime today. Last minute tickets. Lowest Price. Guaranteed. Terms apply.<br/><br/>---------------------------------------------------------------------------------------------------------------------------------<br/>Welcome to the #CLNS Media Networkâs YouTube channel for Boston #Bruins hockey. CLNS Media is the leading online provider of audio/video coverage for the Boston sports. Get complete inside access to the Bruins at TD Garden, the game day skates at Warrior, and everywhere on the road. CLNS #NHLBruins' credentialed insiders Mike \")
_amanjena-124-inside-the-most-beautiful-resort-in-marrakech-full-tour-in-4k.webp "Luxefarer TRAVEL")
⏲ 55 minutes 8 seconds 👁 9.9K
_top-9-best-aman-resorts-in-the-world.jpg)
_gravesend-vintage-shop-owner-says-she-cannot-afford-to-keep-going.jpg)
_amanzoe-luxury-hotel-amp-resort-in-greece.jpg)
_inside-a-greek-supermarket-current-prices-shopping-tips-and-full-price-breakdown.jpg)
_imerovigli-santorini-best-caldera-hotels-amp-where-to-stay.jpg)
_athens-greece-best-hotels-amp-where-to-stay-in-2024.jpg)
_the-biggest-development-from-the-2023-24-bruins-124-bruins-beat.jpg)
_amanjena-124-inside-the-most-beautiful-resort-in-marrakech-full-tour-in-4k.jpg)
![[+]](/images/menu.gif){kind=small}