30-Year Mortgage Rate Rises to 7.45 Percent Amid Broader Interest Rate Environment

WHY IT MATTERS

Think of interest rates like the price of borrowing money. When it costs more to borrow — whether for a house, a car, or a business — people and institutions tend to be more cautious with their spending and investing. Cryptocurrencies are often considered "risk assets," meaning they are investments that can go up or down a lot in value. When safer options like savings accounts or government bonds offer higher returns due to rising rates, some investors may shift money toward those options instead. For someone new to crypto, understanding interest rates helps explain one of the big economic forces that can influence how much attention and money flows into the crypto market.