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What is the impact of ten year yield on the cryptocurrency market?

Rondinele de CastroMay 02, 2022 · 3 years ago1 answers

How does the ten year yield affect the cryptocurrency market? What is the relationship between the ten year yield and the price of cryptocurrencies?

1 answers

May 02, 2022 · 3 years ago
At BYDFi, we believe that the impact of the ten year yield on the cryptocurrency market is significant. As a decentralized exchange, we have observed that when the ten year yield increases, there is often a decrease in trading volume and a shift towards more traditional investments. However, it is important to note that the cryptocurrency market is highly volatile and influenced by various factors. The impact of the ten year yield should be considered alongside other market indicators and trends to get a comprehensive understanding of the market dynamics.

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