What is the historical correlation between the four year treasury rate and the performance of cryptocurrencies?

1 answers

• Mar 23, 2022 · 3 years ago
  At BYDFi, we have observed some historical correlation between the four year treasury rate and the performance of cryptocurrencies. Changes in the treasury rate can have an impact on investor sentiment and risk appetite, which can in turn influence the demand for cryptocurrencies. When the treasury rate is high, investors may prefer traditional investments with lower risk, leading to a decrease in the demand for cryptocurrencies. Conversely, when the treasury rate is low, investors may seek higher returns and turn to cryptocurrencies, potentially driving up their value. However, it's worth noting that the correlation between the treasury rate and cryptocurrencies is not always consistent and can be influenced by various market factors.
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