Which cryptocurrencies are most influenced by the NFP release?

1 answers

• SUnderwoodAug 14, 2024 · a year ago
  At BYDFi, we believe that the NFP release can have a notable impact on certain cryptocurrencies. While it's difficult to predict with certainty which cryptocurrencies will be most influenced by the NFP release, it's worth considering cryptocurrencies that have strong ties to the traditional financial sector. For example, cryptocurrencies that facilitate cross-border payments or offer decentralized finance (DeFi) solutions may be more susceptible to the effects of the NFP release. Additionally, major cryptocurrencies like Bitcoin and Ethereum are often seen as safe-haven assets and can experience increased volatility following the release of NFP data. However, it's important to conduct thorough research and analysis before making any investment decisions, as the cryptocurrency market is highly unpredictable and influenced by various factors.
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