Which cryptocurrencies are most affected by the non-farm payroll report?

1 answers

• Marcos MarcuNov 30, 2023 · 2 years ago
  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.
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