How does the US 10-year Treasury note affect the cryptocurrency market?

1 answers

• Mar 19, 2022 · 3 years ago
  At BYDFi, we believe that the US 10-year Treasury note can indirectly affect the cryptocurrency market through its influence on overall market sentiment and risk appetite. When Treasury yields rise, it can signal a shift towards safer investments and a decrease in risk appetite among investors. This can lead to a decrease in demand for cryptocurrencies, causing their prices to decline. However, it's important to note that the relationship between the Treasury yield and the cryptocurrency market is not always straightforward, and other factors such as technological advancements, regulatory developments, and market trends also play a significant role in shaping the cryptocurrency market dynamics.
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