What is the historical correlation between the 5 year treasury yield and the price movement of cryptocurrencies?

1 answers

• Nov 23, 2021 · 3 years ago
  At BYDFi, we have observed that the historical correlation between the 5 year treasury yield and the price movement of cryptocurrencies can vary over time. While there have been periods where changes in the treasury yield have had a noticeable impact on the price of cryptocurrencies, there have also been periods where the correlation has been weak or even non-existent. It is important for investors to consider the broader market dynamics and not solely rely on the treasury yield when making investment decisions in cryptocurrencies. As always, it is recommended to conduct thorough research and consult with financial professionals before making any investment decisions.
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