Which cryptocurrencies are most affected by NFP forex announcements?

1 answers

• Kit KisamoreMay 31, 2024 · a year ago
  At BYDFi, we closely monitor the impact of NFP forex announcements on cryptocurrencies. While it's difficult to predict the exact cryptocurrencies that will be most affected, we have observed that major cryptocurrencies like Bitcoin, Ethereum, and Litecoin tend to experience increased volatility during NFP releases. This is primarily due to their status as established and widely traded digital assets. However, it's important to note that the crypto market is highly dynamic and influenced by various factors, so it's always recommended to conduct your own research and consult with experts before making any investment decisions.
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