_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 nintendo 3ds price in india 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: 1.6M times
✓ Published: 07-Jun-2024
👁 View: 1.6M 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
_ary-news-6-pm-headlines-124-6th-june-2024-124-jitni-jald-hukoomat-tabdeel-ho-gi-mulk-ke-liye-acha-ho-ga.webp "#headlines #NAB #supremecourt #adialajail #qazifaezisa #imrankhan #pmshehbazsharif #t20worldcup <br/><br/>۔PTI’s Aliya Hamza re-arrested in May 9 case<br/><br/>۔Govt shares PTI founder’s cell pictures<br/><br/>۔Nepra okays another Rs3.33 per unit hike in power tariff<br/><br/>۔Seeing fall of Govt, new election this year, says Omar Ayub<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.<br/><br/>Official Facebook: https://www.fb.com/arynewsasia<br/><br/>Official Twitter: https://www.twitter.com/arynewsofficial<br/><br/>Official Instagram: https://instagram.com/arynewstv<br/><br/>Website: https://arynews.tv<br/><br/>Watch ARY NEWS LIVE: http://live.arynews.tv<br/><br/>Listen Live: http://live.arynews.tv/audio<br/><br/>Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial<br/>#ARYNews<br/><br/>ARY News Official YouTube Channel.<br/>For more videos, subscribe to our channel and for suggestions please use the comment section.")
⏲ 12:13 👁 2.7M
_ary-news-12-am-headlines-124-5th-june-2024-124-prime-time-headlines.webp "#imrankhan #pmshehbazsharif #islamabadhighcourt#headlines <br/><br/>-Contempt Case: Faisal Vawda submits reply in Supreme Court<br/><br/>-Good news for Pakistanis travelling to Saudi Arabia<br/><br/>-Foreign embassy official booked in policeman accident case in Islamabad<br/><br/>-Federal budget 2024-25 likely to be presented on June 12<br/><br/>-Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_disco-samurai-124-gameplay-trailer-guerrilla-collective-2024.webp "Check out gameplay and the stylish rhythm-based combat of Disco Samurai in this upcoming Rhythmic beat 'em up game set in the cyberpunk city of Disco, Pennsylvania. Disco Samurai will be available on PC, PlayStation, Xbox, and Nintendo Switch. A demo for Disco Samurai is available on Steam on June 10, 2024. Challenge your skills by smoothly combining attacks, parries, dashes, and other abilities to the beat of the music. In a world without laws and rules, only those who master the blade are worthy of achieving glory and prosperity. As Fox, a rebellious student tangled in a conspiracy beyond her imagination, crank up the volume, seize the rhythm of the electrifying soundscape of synthwave and rock, and fight your way through a multitude of minimalist diorama arenas!")
_former-president-trump-takes-credit-for-insulin-price-reductions-as-biden-leads-on-health-care-issues-in-polls.webp "Former President Donald Trump claimed credit for lowering insulin prices under President Joe Biden's administration, even though Biden implemented policies like capping insulin costs for Medicare recipients. Trump established a policy to cap insulin costs at $35 per month in his last year in office, which Biden later paused for further review. Later Biden's Inflation Reduction Act implemented a similar cap at $35 per month for Medicare users starting in 2023. Trump spent his presidency unsuccessfully trying to repeal the Affordable Care Act without offering an alternative plan. A CNBC survey in December shows Biden leading Trump by 19 points on health care issues.")
_love-story-seducing-my-sister39s-boy-friend-ii-the-girl-took-revenge-on-the-bad-guy-at-the-party-the-scumbag-should-pay.webp "Love Story: Seducing My Sister's Boy Friend The girl took revenge on the bad guy at the party -The scumbag should pay the price he deserves<br/>Love Story: Seducing My Sister's Boy Friend II The girl took revenge on the bad guy at the party -The scumbag should pay the price he deserves")
_10-3d-90s-video-games-that-still-look-amazing.webp "10 3D 90s Video Games That Still Look AMAZING from nintendo 3ds price in india")
_ai-could-worsen-economic-downturn-and-result-in-massive-unemployment-says-imf-official.webp "The IMF's First Deputy Managing Director, Gita Gopinath, warns that AI could amplify the risks of an economic downturn by disrupting labor markets, financial markets, and supply chains. In a recession, companies may lay off workers and replace them with automation, which could lead to long-term unemployment. AI models used in financial markets may perform poorly during novel economic events and could trigger fire sales as prices drop rapidly. AI used in supply chain management training on \")
_welcome-to-garageband-hell.webp "one day, i thought to myself, “hey. i use the Autumn Legends instrument in garageband too much for my remixes. maybe i should spice things up a lil bit.”<br/><br/>and then i decided to do a funni and remix Ashley’s Theme entirely using Autumn Legends (and 2 Chinese Drum Kits for percussion).<br/><br/>yes this is a cry for help /j")
_ary-news-6-pm-headlines-124-6th-june-2024-124-jitni-jald-hukoomat-tabdeel-ho-gi-mulk-ke-liye-acha-ho-ga.jpg)
_ary-news-12-am-headlines-124-5th-june-2024-124-prime-time-headlines.jpg)
_disco-samurai-124-gameplay-trailer-guerrilla-collective-2024.jpg)
_former-president-trump-takes-credit-for-insulin-price-reductions-as-biden-leads-on-health-care-issues-in-polls.jpg)
_love-story-seducing-my-sister39s-boy-friend-ii-the-girl-took-revenge-on-the-bad-guy-at-the-party-the-scumbag-should-pay.jpg)
_10-3d-90s-video-games-that-still-look-amazing.jpg)
_ai-could-worsen-economic-downturn-and-result-in-massive-unemployment-says-imf-official.jpg)
_welcome-to-garageband-hell.jpg)
![[+]](/images/menu.gif){kind=small}