What are the correlations between the 30 yr treasury chart and the price movements of major cryptocurrencies?

1 answers

• GSSS GUMANE KA TALAJul 03, 2023 · 2 years ago
  At BYDFi, we have observed some correlations between the 30-year treasury chart and the price movements of major cryptocurrencies. When the yield on treasury bonds increases, we have noticed a tendency for the price of cryptocurrencies to decrease. This is likely due to investors shifting their funds from riskier assets like cryptocurrencies to safer investments such as treasury bonds. However, it is important to note that correlation does not imply causation, and other factors can also influence the price movements of cryptocurrencies. Therefore, while the 30-year treasury chart can provide some insights into the potential direction of cryptocurrency prices, it should not be the sole basis for making investment decisions. It is important to consider a wide range of factors and conduct thorough analysis before making any investment decisions in the cryptocurrency market.
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