Why is the 1 month treasury yield an important indicator for the crypto industry?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we recognize the significance of the 1 month treasury yield as an indicator for the crypto industry. The treasury yield reflects the prevailing interest rates in the economy, which can have a direct impact on the demand for cryptocurrencies. As an increase in the treasury yield indicates higher borrowing costs, it can lead to a decrease in investment in riskier assets like cryptocurrencies. Conversely, a decrease in the treasury yield may attract investors seeking higher returns, potentially driving up demand for cryptocurrencies. By monitoring the 1 month treasury yield, we can better understand market dynamics and make informed decisions for our users.
  672336