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TagsWhat impact does PMI vs CPI have on the cryptocurrency market?
sypMar 18, 2022 · 3 years ago1 answersHow does the Purchasing Managers' Index (PMI) and Consumer Price Index (CPI) affect the cryptocurrency market? What are the relationships between these economic indicators and the price movements of cryptocurrencies?
1 answers
- PMI and CPI are two economic indicators that can have a significant impact on the cryptocurrency market. PMI measures the economic activity of purchasing managers, while CPI measures inflation. When PMI is high and CPI is low, it suggests a strong economy with low inflation, which can be positive for the cryptocurrency market. On the other hand, if PMI is low and CPI is high, it indicates a weak economy with high inflation, which can negatively affect the cryptocurrency market. Therefore, understanding the relationship between PMI and CPI is essential for predicting the potential impact on the cryptocurrency market.Mar 18, 2022 · 3 years ago
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