How does the US 30-year bond yield affect the value of digital currencies?

1 answers

• Nov 23, 2021 · 3 years ago
  The US 30-year bond yield has a direct impact on the value of digital currencies. When the bond yield rises, it indicates a stronger economy and higher interest rates. This can attract investors to traditional assets, causing a decrease in demand for digital currencies and a potential decline in their value. Conversely, when the bond yield falls, it suggests a weaker economy and lower interest rates. In such situations, investors may turn to digital currencies as an alternative investment, driving up their value. Therefore, monitoring the US 30-year bond yield is crucial for understanding the potential impact on the value of digital currencies.
  652326