How does the US 7 year treasury yield affect the investment decisions of cryptocurrency traders?

1 answers

• B. GrantMay 21, 2023 · 2 years ago
  As a cryptocurrency trader, I closely follow the US 7 year treasury yield to gauge the overall market sentiment. When the yield on treasury bonds goes up, it usually indicates that investors are becoming more risk-averse and moving their funds into safer assets. This can lead to a decrease in demand for cryptocurrencies and a potential drop in their prices. On the other hand, when the yield on treasury bonds goes down, it suggests that investors are seeking higher returns and may be more willing to invest in riskier assets like cryptocurrencies. Therefore, understanding the relationship between the US 7 year treasury yield and the cryptocurrency market is crucial for making profitable trading decisions.
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