What are the correlations between the current purchasing managers index and the performance of cryptocurrencies?

1 answers

• UN_F_AP_YDJan 07, 2026 · a month ago
  At BYDFi, we have observed some correlations between the current purchasing managers index (PMI) and the performance of cryptocurrencies. When the PMI shows a positive trend, indicating a growing manufacturing sector, we often see increased interest and investment in cryptocurrencies. This can be attributed to the belief that a strong economy will drive up the value of cryptocurrencies. However, it's important to note that the PMI is just one of many factors that can influence the cryptocurrency market, and its impact should be considered alongside other indicators and market trends.
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