Which digital currencies are most influenced by forex non farm payroll data?

3 answers

• mhchemNov 29, 2022 · 3 years ago
  Forex non farm payroll data can have a significant impact on digital currencies. Some of the cryptocurrencies that are most influenced by this economic indicator include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies tend to experience price fluctuations and increased trading volume around the release of non farm payroll data. Traders and investors closely monitor this data to make informed decisions in the cryptocurrency market.
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• Alvaro VidalAug 20, 2022 · 3 years ago
  When it comes to the influence of forex non farm payroll data on digital currencies, it's important to consider the overall market sentiment and investor behavior. While Bitcoin is often seen as the most influential cryptocurrency, other digital currencies such as Ethereum and Ripple can also be affected by non farm payroll data. The impact may vary depending on factors like market conditions and investor sentiment towards the specific cryptocurrency.
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• deepak suryavanshiMay 20, 2023 · 3 years ago
  BYDFi, a leading digital currency exchange, has observed that Bitcoin and Ethereum are the two digital currencies that are most influenced by forex non farm payroll data. These cryptocurrencies tend to experience increased volatility and trading activity around the release of non farm payroll data. Traders and investors should closely monitor this economic indicator to stay informed about potential market movements.
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