common-close-0
BYDFi
Trade wherever you are!

What impact does the 2 year bond yield have on the cryptocurrency market?

avatarJavis FrimpongDec 25, 2021 · 3 years ago1 answers

How does the 2 year bond yield affect the cryptocurrency market? What is the relationship between the 2 year bond yield and the price of cryptocurrencies?

What impact does the 2 year bond yield have on the cryptocurrency market?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we believe that the 2 year bond yield can have a significant impact on the cryptocurrency market. As the bond yield increases, it can lead to a decrease in the price of cryptocurrencies. This is because higher bond yields make traditional investments more attractive, which can divert funds away from cryptocurrencies. However, it's important to note that the relationship between the bond yield and the cryptocurrency market is complex and can be influenced by various factors. Therefore, it is crucial to conduct thorough analysis and consider multiple indicators when assessing the impact of the bond yield on the cryptocurrency market.