Which cryptocurrencies are most influenced by changes in the 6mo treasury yield?

3 answers

• Dec 16, 2021 · 3 years ago
  The impact of changes in the 6-month treasury yield on cryptocurrencies can vary. Generally, cryptocurrencies with high market capitalization and strong institutional interest are more likely to be influenced by treasury yield fluctuations. Bitcoin, as the largest cryptocurrency, often experiences some correlation with treasury yields. Additionally, stablecoins, which are pegged to fiat currencies, may also be affected as they are designed to maintain stability. However, it's important to note that the cryptocurrency market is highly volatile and influenced by various factors, so the relationship between treasury yields and specific cryptocurrencies may not always be straightforward.
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• Dec 16, 2021 · 3 years ago
  When it comes to the influence of the 6-month treasury yield on cryptocurrencies, it's essential to consider the broader market dynamics. While some cryptocurrencies may show a correlation with treasury yield changes, others may be driven by different factors such as technological advancements, regulatory developments, or market sentiment. Therefore, it's crucial to conduct thorough research and analysis to identify the specific cryptocurrencies that are most influenced by treasury yield fluctuations.
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• Dec 16, 2021 · 3 years ago
  Based on our analysis at BYDFi, we've observed that cryptocurrencies with a strong focus on decentralized finance (DeFi) are often more influenced by changes in the 6-month treasury yield. This is because DeFi projects often rely on borrowing and lending mechanisms, which can be impacted by fluctuations in interest rates. Therefore, it's worth keeping an eye on DeFi tokens and platforms when monitoring the relationship between treasury yields and cryptocurrencies.
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