What impact does the 2 year treasury note yield have on the cryptocurrency market?

1 answers

• MtonoliMay 15, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, believes that the yield of the 2 year treasury note can have a significant impact on the cryptocurrency market. When the yield increases, it often leads to a decrease in the price of cryptocurrencies. This is because higher yields on safe investments like treasury notes attract investors away from riskier assets like cryptocurrencies. As a result, the demand for cryptocurrencies decreases, causing their prices to drop. Conversely, when the yield decreases, it can lead to an increase in the price of cryptocurrencies as investors seek higher returns in riskier assets. Therefore, it is important for cryptocurrency traders and investors to monitor the yield of the 2 year treasury note as it can provide valuable insights into the potential direction of the cryptocurrency market.
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