Which cryptocurrencies are most affected by NFP day?

3 answers

• Dec 29, 2021 · 3 years ago
  On NFP day, the release of employment data can have a significant impact on the crypto market. Cryptocurrencies like Bitcoin and Ethereum, being the largest and most widely traded, tend to experience increased volatility during this time. Traders and investors closely monitor the NFP data as it provides insights into the health of the economy, which can influence the demand for cryptocurrencies. It's important to note that the impact can vary depending on the specific NFP data and market sentiment. Other cryptocurrencies like Ripple and Litecoin may also be affected, but to a lesser extent compared to Bitcoin and Ethereum.
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• Dec 29, 2021 · 3 years ago
  NFP day is known for its potential to cause market volatility, and the crypto market is not immune to this. While Bitcoin and Ethereum are often the most affected cryptocurrencies, it's important to consider the overall market sentiment and the specific NFP data. Other altcoins and tokens can also experience price fluctuations during this time. Traders and investors should stay updated with the latest NFP data and monitor the market closely to make informed decisions.
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• Dec 29, 2021 · 3 years ago
  According to our analysis at BYDFi, NFP day can have a notable impact on the crypto market. Bitcoin and Ethereum, being the dominant cryptocurrencies, tend to experience increased volatility during this time. However, it's crucial to consider that the crypto market is influenced by various factors, and NFP data is just one of them. Other cryptocurrencies like Ripple, Litecoin, and Binance Coin may also be affected, but the extent of impact can vary. Traders should exercise caution and conduct thorough research before making any investment decisions.
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