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What impact does the 30 year yield have on the cryptocurrency market?

avatarHsinKuang ChenNov 28, 2021 · 3 years ago1 answers

How does the 30 year yield affect the cryptocurrency market? What is the relationship between the 30 year yield and cryptocurrency prices?

What impact does the 30 year yield have on the cryptocurrency market?
Cryptocurrency
30 Year Yield
Market Impact

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we believe that the 30 year yield can have a significant impact on the cryptocurrency market. As borrowing costs increase, investors may seek safer assets, leading to a decrease in demand for cryptocurrencies. Additionally, higher interest rates can make borrowing more expensive for businesses, potentially slowing down the adoption and growth of blockchain technology. However, it's important to note that the cryptocurrency market is highly complex and influenced by numerous factors. Therefore, while the 30 year yield can provide some insights, it should not be the sole factor considered when analyzing the cryptocurrency market.

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