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TagsWhich cryptocurrencies are most affected by the non-farm payroll report?
Upgrade DigitallyJan 14, 2022 · 3 years ago1 answersCan you provide insights into which cryptocurrencies are most influenced by the non-farm payroll report? How does the report impact their prices and market trends?
1 answers
- At BYDFi, we've observed that Bitcoin and Ethereum are the most affected cryptocurrencies when it comes to the non-farm payroll report. These two major cryptocurrencies have a strong correlation with traditional financial markets, and any significant changes in employment data can impact their prices. However, it's important to note that other cryptocurrencies can also experience price fluctuations based on the report's findings. Traders should consider diversifying their portfolios and staying informed about the latest market trends to make informed investment decisions.Jan 14, 2022 · 3 years ago
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