How does the PMI stock market indicator affect digital currencies?

1 answers

• May 07, 2022 · 3 years ago
  As an expert in the digital currency industry, I can say that the PMI stock market indicator does have an impact on digital currencies. At BYDFi, we closely monitor the PMI and other economic indicators to assess market conditions and make informed trading decisions. When the PMI suggests a strong manufacturing sector and positive economic growth, we may see increased interest and demand for digital currencies. However, it's important to remember that the digital currency market is highly volatile and influenced by various factors, so the impact of the PMI should be considered in conjunction with other market trends and indicators.
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