What are the correlations between the yield of US Treasury bonds and the prices of cryptocurrencies?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, we have observed a correlation between the yield of US Treasury bonds and the prices of cryptocurrencies. When the yield of US Treasury bonds increases, we have noticed a decrease in demand for cryptocurrencies, which can lead to lower prices. Conversely, when the yield of US Treasury bonds decreases, we have observed an increase in demand for cryptocurrencies, which can result in higher prices. However, it's important to note that this correlation is not always consistent and can be influenced by other factors, such as market sentiment and economic conditions. Therefore, it's crucial to consider multiple factors when analyzing the relationship between the yield of US Treasury bonds and the prices of cryptocurrencies.
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