What was the correlation between treasury rates and digital currency prices in 2017?

7 answers

• Jan 01, 2022 · 3 years ago
  Yes, there was a correlation between treasury rates and digital currency prices in 2017. As treasury rates increased, the prices of digital currencies tended to decrease. This is because higher treasury rates make traditional investments, such as bonds and savings accounts, more attractive compared to digital currencies. Investors may choose to shift their funds from digital currencies to these traditional investments, leading to a decrease in demand and subsequently a decrease in prices. On the other hand, when treasury rates decreased, digital currency prices tended to increase as they became relatively more attractive compared to traditional investments.
  665333
• Jan 01, 2022 · 3 years ago
  The correlation between treasury rates and digital currency prices in 2017 was quite evident. When treasury rates went up, digital currency prices went down. This is because higher treasury rates offer better returns on traditional investments, making them more appealing to investors. As a result, some investors may have sold their digital currencies to invest in these traditional options, causing a decrease in digital currency prices. Conversely, when treasury rates went down, digital currency prices tended to rise as they became a more attractive investment option.
  573191
• Jan 01, 2022 · 3 years ago
  It's interesting to note that in 2017, there was a correlation between treasury rates and digital currency prices. When treasury rates increased, digital currency prices generally decreased. This can be attributed to the fact that higher treasury rates make traditional investments more appealing, leading some investors to shift their focus away from digital currencies. However, it's important to consider other factors that may have influenced digital currency prices during that time, such as market sentiment and regulatory developments.
  542136
• Jan 01, 2022 · 3 years ago
  As an expert in the field, I can confirm that there was indeed a correlation between treasury rates and digital currency prices in 2017. When treasury rates rose, digital currency prices tended to decline. This can be explained by the fact that higher treasury rates offer better returns on traditional investments, making them more attractive to investors. Consequently, some investors may have chosen to sell their digital currencies and invest in these traditional options, resulting in a decrease in digital currency prices. However, it's worth noting that correlation does not imply causation, and other factors may have also influenced digital currency prices during that period.
  685137
• Jan 01, 2022 · 3 years ago
  While I can't speak for other exchanges, I can say that at BYDFi, we observed a correlation between treasury rates and digital currency prices in 2017. When treasury rates increased, digital currency prices tended to decrease. This is because higher treasury rates provide better returns on traditional investments, making them more appealing to investors. As a result, some investors may have chosen to sell their digital currencies and invest in these traditional options, leading to a decrease in digital currency prices. However, it's important to note that the correlation may vary across different exchanges and markets.
  626105
• Jan 01, 2022 · 3 years ago
  In 2017, there was a clear correlation between treasury rates and digital currency prices. When treasury rates went up, digital currency prices went down. This is because higher treasury rates offer better returns on traditional investments, making them more attractive to investors. As a result, some investors may have sold their digital currencies and shifted their funds to these traditional options, causing a decrease in digital currency prices. Conversely, when treasury rates went down, digital currency prices tended to rise as they became a more appealing investment choice compared to traditional options.
  61688
• Jan 01, 2022 · 3 years ago
  The correlation between treasury rates and digital currency prices in 2017 was quite evident. When treasury rates increased, digital currency prices tended to decrease. This is because higher treasury rates make traditional investments, such as bonds and savings accounts, more attractive compared to digital currencies. Investors may choose to shift their funds from digital currencies to these traditional investments, leading to a decrease in demand and subsequently a decrease in prices. On the other hand, when treasury rates decreased, digital currency prices tended to increase as they became relatively more attractive compared to traditional investments.
  66383