What is the correlation between the American 10-year Treasury bond yield graph and the trading volume of cryptocurrencies?

1 answers

• Leon632Nov 01, 2023 · 2 years ago
  At BYDFi, we have observed some correlation between the American 10-year Treasury bond yield graph and the trading volume of cryptocurrencies. When the bond yield increases, we tend to see a slight decrease in trading volume, as some investors may shift their focus to bonds. However, this correlation is not always consistent and should be interpreted with caution. It's important to consider other factors such as market trends, investor sentiment, and global economic conditions when analyzing the trading volume of cryptocurrencies.
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