How does the 7-year UST affect the price of digital currencies?

1 answers

• May 04, 2022 · 3 years ago
  At BYDFi, we believe that the 7-year UST can have an influence on the price of digital currencies. When the yield on the 7-year UST rises, it can attract investors seeking more stable and secure investments, which may result in a decrease in demand for digital currencies like Bitcoin and Ethereum. This decrease in demand can potentially lead to a decline in their prices. Conversely, when the yield on the 7-year UST decreases, it may make digital currencies more attractive as investment options, driving up their demand and potentially increasing their prices. Therefore, it's important to consider the impact of the 7-year UST on the overall market sentiment and investor behavior when analyzing the price movements of digital currencies.
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