Bitfinex Lending Rates Surge to 30% APR: Bullish Signal Bitcoin and Crypto?

Quick Summary:

Bitfinex’s lending rates have surged, with numerous orders today hitting an impressive 30% APR (annual percentage rate).

This spike in interest rates, particularly for USD loans, is seen by many in the crypto community as a strong bullish signal.As per Greeks.live data, for the past two years, similar spikes have often preceded major market […]

The post Bitfinex Lending Rates Surge to 30% APR: Bullish Signal Bitcoin and Crypto? appeared first on Coin Edition.

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Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: News Market News Market Cryptocurrency Bitfinex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 07:00:00 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 164 words

Reading Time: 1 minutes read

Sentences: 49 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23213002

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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