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

roland nelsonApr 28, 2021 · 4 years ago1 answers

What is the relationship between the US 20-year Treasury bond yield and the cryptocurrency market? How does the change in bond yield impact the prices and trading volumes of cryptocurrencies?

1 answers

  • trey denbyMay 05, 2021 · 4 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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