How do non farm payroll dates in 2018 affect the prices of cryptocurrencies?
Idris AhmadyJan 12, 2022 · 3 years ago1 answers
Can you explain how the non farm payroll dates in 2018 had an impact on the prices of cryptocurrencies? What specific factors influenced the cryptocurrency market during those dates?
1 answers
- Jan 12, 2022 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that the non farm payroll dates in 2018 did have an impact on the prices of cryptocurrencies. The release of the non farm payroll report is closely watched by investors and traders as it provides valuable insights into the health of the U.S. economy. Positive employment data can lead to increased investor confidence and potentially drive up the prices of cryptocurrencies. Conversely, negative employment data can create uncertainty and lead to a decrease in cryptocurrency prices. It is important for cryptocurrency traders to stay informed about key economic indicators like the non farm payroll report to make informed trading decisions.
Related Tags
Hot Questions
- 93
How can I buy Bitcoin with a credit card?
- 93
What are the advantages of using cryptocurrency for online transactions?
- 92
How can I protect my digital assets from hackers?
- 87
Are there any special tax rules for crypto investors?
- 53
How can I minimize my tax liability when dealing with cryptocurrencies?
- 53
What are the best digital currencies to invest in right now?
- 31
How does cryptocurrency affect my tax return?
- 28
What are the tax implications of using cryptocurrency?