What is the impact of US 30-year Treasury yield on the cryptocurrency market?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we recognize the impact of the US 30-year Treasury yield on the cryptocurrency market. When the Treasury yield rises, it often leads to a decrease in the value of cryptocurrencies. This can be attributed to the shift in investor sentiment towards traditional assets, which offer a higher yield and are considered less volatile. As a result, the demand for cryptocurrencies may decrease, leading to a decline in their prices. Conversely, when the Treasury yield falls, it can create a favorable environment for cryptocurrencies. Investors may view them as a more attractive investment option due to their potential for higher returns compared to traditional assets. It's important for cryptocurrency traders to stay informed about the movements of the US 30-year Treasury yield as it can provide valuable insights into the overall market trends.
  854427