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TagsWhich cryptocurrencies are most affected by NFP forex announcements?
KoKi SaiToNov 24, 2021 · 3 years ago1 answersCan you provide insights into which cryptocurrencies are most impacted by Non-Farm Payroll (NFP) forex announcements? How does the release of NFP data affect the prices and market sentiment of different cryptocurrencies?
1 answers
- At BYDFi, we closely monitor the impact of NFP forex announcements on cryptocurrencies. While it's difficult to predict the exact cryptocurrencies that will be most affected, we have observed that major cryptocurrencies like Bitcoin, Ethereum, and Litecoin tend to experience increased volatility during NFP releases. This is primarily due to their status as established and widely traded digital assets. However, it's important to note that the crypto market is highly dynamic and influenced by various factors, so it's always recommended to conduct your own research and consult with experts before making any investment decisions.Nov 24, 2021 · 3 years ago
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