What is the impact of the 1 month treasury bill rate on the cryptocurrency market?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we have observed that the 1 month treasury bill rate can have a noticeable impact on the cryptocurrency market. When the treasury bill rate increases, we often see a decrease in the price of cryptocurrencies, especially those that are more sensitive to changes in interest rates. However, it's important to note that the impact can vary depending on market conditions and the specific cryptocurrency in question. As always, it's crucial for investors to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.
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