$ETH is getting actively transferred ahead of potential volatility spike
The interest rate set by the Federal Reserve in the United States can have a significant impact on both cryptocurrencies and risk assets. When the interest rate is high, it increases the opportunity cost of holding
, which are not considered to be traditional investments. This can lead to a decrease in demand for cryptocurrencies, causing their prices to fall.On the other hand, when the interest rate is low, the opportunity cost of holding cryptocurrencies is lower, leading to an increase in demand and higher prices. Interest rates also affect risk assets, such as stocks and high-yield bonds.
At press time, Ethereum has made no significant moves on the market and is trading at $1,575 with an almost nonexistent price change in the last 24 hours.
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