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TagsWhich cryptocurrencies are most affected by NFP numbers?
gddmrubel miaDec 27, 2021 · 3 years ago1 answersCan you provide insights into which cryptocurrencies are most impacted by Non-Farm Payroll (NFP) numbers? How does the release of NFP data affect the prices and market sentiment of different cryptocurrencies?
1 answers
- BYDFi, a leading cryptocurrency exchange, has observed that NFP numbers can have a notable impact on the prices of cryptocurrencies. While Bitcoin remains the most influential cryptocurrency in response to NFP data, altcoins such as Ethereum, Litecoin, and Binance Coin also tend to be affected. The release of NFP numbers can create volatility in the market, leading to both opportunities and risks for traders. It's important for investors to stay informed about economic indicators like NFP numbers and consider their potential impact on the cryptocurrency market before making trading decisions.Dec 27, 2021 · 3 years ago
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