How does adp payrolls affect the cryptocurrency market?
Dawson RosenNov 05, 2020 · 5 years ago1 answers
What is the impact of ADP payrolls on the cryptocurrency market? How does it affect the prices and trading volumes of cryptocurrencies?
1 answers
- Lewis WeeksOct 15, 2022 · 3 years agoAs a digital currency exchange, BYDFi closely monitors the impact of ADP payrolls on the cryptocurrency market. The release of the ADP payroll report can cause volatility in the market, as traders react to the employment data. Positive job growth can lead to increased trading activity and higher prices for cryptocurrencies, while negative job growth can result in decreased trading activity and lower prices. It's important for traders to stay informed about the ADP payroll report and its potential impact on the cryptocurrency market to make informed trading decisions.
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