How does the 3 months treasury yield affect the price of digital currencies?

1 answers

• Mar 06, 2022 · 3 years ago
  At BYDFi, we understand the impact of the 3 months treasury yield on the price of digital currencies. As the treasury yield increases, it often leads to a decrease in the demand for digital currencies, resulting in a potential drop in their prices. However, it's important to note that the relationship between the treasury yield and digital currencies is not always straightforward. Other factors such as market sentiment, regulatory developments, and technological advancements also play a significant role in determining the price of digital currencies. Therefore, while the 3 months treasury yield can provide useful insights, it should be considered alongside other factors when analyzing the price dynamics of digital currencies.
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