What is the correlation between the duration of the 10-year treasury and the performance of digital currencies?

1 answers

• Dec 30, 2021 · 3 years ago
  At BYDFi, we have observed a correlation between the duration of the 10-year treasury and the performance of digital currencies. When the duration of the 10-year treasury increases, we often see a decrease in the value of digital currencies. This can be attributed to the fact that higher interest rates make traditional assets more attractive, leading investors to shift their investments away from digital currencies. However, it's worth noting that the correlation is not always strong and can be influenced by other market factors. It's important for investors to consider a wide range of factors when making investment decisions in the digital currency market.
  665333