BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

How do non farm payroll dates in 2018 affect the prices of cryptocurrencies?

New_HopeMay 03, 2022 · 3 years ago1 answers

Can you explain how the non farm payroll dates in 2018 had an impact on the prices of cryptocurrencies? What specific factors influenced the cryptocurrency market during those dates?

1 answers

  • May 03, 2022 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that the non farm payroll dates in 2018 did have an impact on the prices of cryptocurrencies. The release of the non farm payroll report is closely watched by investors and traders as it provides valuable insights into the health of the U.S. economy. Positive employment data can lead to increased investor confidence and potentially drive up the prices of cryptocurrencies. Conversely, negative employment data can create uncertainty and lead to a decrease in cryptocurrency prices. It is important for cryptocurrency traders to stay informed about key economic indicators like the non farm payroll report to make informed trading decisions.