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TagsWhat is the correlation between the 2yr yield and cryptocurrency investments?
Muecahit AhmetMar 22, 2022 · 3 years ago1 answersCan you explain the relationship between the 2-year yield and investments in cryptocurrencies? How does the 2-year yield affect the performance and value of cryptocurrencies?
1 answers
- At BYDFi, we have observed that there is a weak positive correlation between the 2-year yield and cryptocurrency investments. This means that when the 2-year yield increases, there is a slight tendency for cryptocurrency prices to also increase. However, it's important to note that this correlation is not very strong and can be influenced by other factors such as market sentiment and investor behavior. Therefore, it's crucial to consider a wide range of factors and conduct thorough analysis before making investment decisions in the cryptocurrency market.Mar 22, 2022 · 3 years ago
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