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What impact does the 30yr treasury yield have on the cryptocurrency market?

avatarNima AbNov 24, 2021 · 3 years ago1 answers

How does the 30-year treasury yield affect the cryptocurrency market? What is the relationship between the treasury yield and the price of cryptocurrencies?

What impact does the 30yr treasury yield have on the cryptocurrency market?
Cryptocurrency
Treasury Yield
Market Impact

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we closely monitor the impact of the 30-year treasury yield on the cryptocurrency market. While the relationship between the two is complex and influenced by various factors, we have observed that changes in the treasury yield can have a significant effect on cryptocurrency prices. As a decentralized exchange, we provide a platform for users to trade cryptocurrencies based on market demand and supply. Therefore, fluctuations in the treasury yield can influence the trading volume and liquidity of cryptocurrencies on our platform. It is important for traders and investors to stay informed about the treasury yield and its potential impact on the cryptocurrency market in order to make informed trading decisions.

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