How does the US 20-year Treasury bond yield affect the cryptocurrency market?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we closely monitor the relationship between the US 20-year Treasury bond yield and the cryptocurrency market. While there is a correlation between the two, it's important to note that the cryptocurrency market is influenced by various factors, including market sentiment, regulatory developments, and technological advancements. While changes in bond yield can have an impact on cryptocurrency prices and trading volumes, it is just one piece of the puzzle. It's crucial for investors to consider a holistic view of the market and not solely rely on bond yield as a predictor of cryptocurrency market movements.
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