Which cryptocurrencies are most affected by NFP numbers?

1 answers

• Boyette HolderDec 23, 2020 · 5 years ago
  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.
  599

  300