_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 led stock 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: 1.5M times
✓ Published: 07-Jun-2024
👁 View: 1.5M 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
_mat-sabu-proposal-to-raise-ceiling-price-of-local-white-rice-to-be-finalised-before-october.webp "The proposal to increase the ceiling price of local white rice will be finalised before October, says Datuk Seri Mohamad Sabu.<br/><br/>The Agriculture and Food Security Minister said the discussion on the proposal to increase the ceiling price of local white rice was still ongoing between the ministry and other ministries.<br/><br/>Read more at https://shorturl.at/ETwlt<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
⏲ 1:5 👁 1.7M
_think-you-know-your-stuff-hidden-uses-in-everyday-objects.webp "Ever wondered if everyday objects have hidden purposes? Join us as we reveal the surprising secrets behind common items! Can you guess their secret uses? Watch now to find out!Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_us-stocks-are-39overpriced39-warns-peter-schiff-39if-you-know-you-can39t-do-your-own-homework-then-39.webp "Peter Schiff, a prominent economist, and financial commentator, has raised a red flag on the valuation of U.S. stocks, cautioning investors against the current market situation. Schiff expressed his concerns about the overvaluation of U.S., stocks in a recent podcast with The Iced Coffee Hour, particularly the S&P 500 and other major indices, which have recently reached record highs.")
⏲ 1:0 👁 1.6M
_alternative-energy-the-answer-to-diesel-price-woes-says-abang-jo.webp "Malaysia should seek alternative energy sources to replace diesel in light of the subsidy rationalisation, says Sarawak Premier Tan Sri Abang Johari Openg.<br/><br/>He said Sarawak was actively exploring the use of hydrogen as a renewable energy source, including reducing its cost of production.<br/><br/>Read more at https://tinyurl.com/mr2j32mh<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>")
_is-nvidia-the-whole-stock-market-what-does-the-data-say.webp "Tim Quast, Founder/CEO of ModernIR and Market Structure EDGE joined Benzinga's Premarket Prep team to look at supply and demand on Nvidia stock, NVDA.")
_loksabha-elections-2024-italy-pm-giorgia-meloni-narendra-modi.webp "Italian Prime Minister Giorgia Meloni congratulated Prime Minister Narendra Modi after the BJP-led NDA won the 2024 Lok Sabha elections. <br/>In a post on X, which was written in Italian, she said that both countries would continue to work together to \")
Loksabha Elections 2024: Italy PM Giorgia Meloni ने Narendra Modi को दी जीत की बधाई, कहा साथ मिल कर.
⏲ 3:3 👁 2.2M
_bye-bye-nyse-nasdaq-wall-street-bigwigs-blackrock-citadel-lead-charge-for-new-39apolitical39-39ceo-friendly39-stock-exch.webp "The proposed new exchange has reportedly raised $120 million from individuals and large investment firms. TXSE will be a fully electronic exchange headquartered in downtown Dallas.")
_the-new-skoda-octavia-combi-design-preview-in-phoenix-orange.webp "Skoda Auto has updated the hatchback and estate versions of its iconic Octavia. With more than 7 million units sold, it is by far the brand’s best-selling model. Its fourth modern generation has now been given a freshened look that includes a revised Škoda grille and new second-generation LED Matrix beam headlights. The comprehensive standard equipment offers features like a dual-zone Climatronic system or a 10‑inch Digital Display. Furthermore, the share of sustainable materials in the interior has increased. For an even more advanced in-car experience, the AI-powered chatbot ChatGPT will be integrated into the Laura voice assistant later in 2024. Additional safety and assistance systems enhance active and passive safety and a new range structure provides additional individualisation options.")
_mat-sabu-proposal-to-raise-ceiling-price-of-local-white-rice-to-be-finalised-before-october.jpg)
_think-you-know-your-stuff-hidden-uses-in-everyday-objects.jpg)
_us-stocks-are-39overpriced39-warns-peter-schiff-39if-you-know-you-can39t-do-your-own-homework-then-39.jpg)
_alternative-energy-the-answer-to-diesel-price-woes-says-abang-jo.jpg)
_is-nvidia-the-whole-stock-market-what-does-the-data-say.jpg)
_loksabha-elections-2024-italy-pm-giorgia-meloni-narendra-modi.jpg)
_bye-bye-nyse-nasdaq-wall-street-bigwigs-blackrock-citadel-lead-charge-for-new-39apolitical39-39ceo-friendly39-stock-exch.jpg)
_the-new-skoda-octavia-combi-design-preview-in-phoenix-orange.jpg)
![[+]](/images/menu.gif){kind=small}