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CoinOtag 2024-07-03 16:28:36

Rising SOFR May Negatively Impact Bitcoin (BTC) Amid US Banking Liquidity Stress

Rising SOFR May Negatively Impact Bitcoin (BTC) Amid US Banking Liquidity Stress

Concerns over liquidity stress are emerging within the U.S. banking sector, raising alarms for risk assets such as Bitcoin (BTC). The Secured Overnight Financing Rate (SOFR) in the U.S. climbed to 5.4% on Monday, reflecting the overnight borrowing costs backed by U.S. Treasury securities. According to the New York Federal Reserve, SOFR has reached levels

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