What is the impact of the 30-year US Treasury rate on the value of cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we closely monitor the impact of the 30-year US Treasury rate on the value of cryptocurrencies. While there is no direct correlation between the two, changes in the Treasury rate can influence investor sentiment and overall market conditions. When the Treasury rate increases, it can signal a tightening of monetary policy and potentially lead to a decrease in risk appetite. This can result in a shift away from riskier assets like cryptocurrencies, causing their value to decrease. Conversely, when the Treasury rate decreases, it can signal an easing of monetary policy and potentially lead to an increase in risk appetite. This can result in increased demand for cryptocurrencies and drive up their value. It's important to note that the impact of the Treasury rate on cryptocurrencies is just one of many factors that can influence their value.
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