How does the US 2-year bond yield affect the price of cryptocurrencies?

1 answers

• Nov 23, 2021 · 3 years ago
  At BYDFi, we closely monitor the relationship between the US 2-year bond yield and the price of cryptocurrencies. Historically, there has been an inverse correlation between the two. When the bond yield rises, we often see a decrease in the price of cryptocurrencies, and vice versa. However, it's important to note that the relationship is not always straightforward and can be influenced by various factors such as market sentiment and macroeconomic conditions. Therefore, while the US 2-year bond yield can provide insights into the direction of cryptocurrency prices, it should not be the sole factor considered when making investment decisions in the cryptocurrency market.
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