How does the 10-year Treasury yield (TNX) affect the price of digital currencies?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that the 10-year Treasury yield (TNX) can indirectly affect the price of digital currencies. As the TNX rises, it can lead to higher borrowing costs for businesses and individuals, which can have a negative impact on economic growth. This can result in a decrease in investor confidence and a shift towards alternative investments like digital currencies. Additionally, the TNX can also influence market sentiment and investor risk appetite, which can affect the demand for digital currencies. However, it's important to note that the digital currency market is highly volatile and influenced by a wide range of factors, and the TNX is just one of many variables to consider when analyzing digital currency prices.
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