How does the non farm payroll schedule affect the performance of digital currencies?

1 answers

• Jan 14, 2022 · 3 years ago
  At BYDFi, we understand the impact of the non farm payroll schedule on digital currencies. The release of employment data can cause significant volatility in the cryptocurrency market. Positive job growth can lead to increased investor optimism and a surge in demand for digital currencies. On the other hand, negative employment data can create uncertainty and trigger a sell-off in the market. Traders should be prepared for potential price fluctuations during the release of the non farm payroll report and consider adjusting their trading strategies accordingly. It is important to note that the non farm payroll schedule is just one of many factors that can influence the performance of digital currencies, and traders should also consider other macroeconomic indicators, market trends, and news events when making trading decisions.
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