What impact does the composite PMI have on the cryptocurrency market?
JeyaDec 23, 2023 · 2 years ago1 answers
How does the composite PMI (Purchasing Managers' Index) affect the cryptocurrency market? What is the relationship between the PMI and the price movements of cryptocurrencies?
1 answers
- eamgioSep 03, 2024 · a year agoAt BYDFi, we closely monitor economic indicators like the composite PMI to gain insights into market trends. While the PMI can provide valuable information, we also consider other factors such as trading volume, market sentiment, and news events to make informed trading decisions. It's important to have a comprehensive approach to cryptocurrency trading and not rely solely on a single indicator.
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