What is the correlation between the PMI flash and cryptocurrency prices?
aselyaMay 08, 2022 · 3 years ago1 answers
Can you explain the relationship between the PMI flash and the prices of cryptocurrencies in detail?
1 answers
- May 08, 2022 · 3 years agoAt BYDFi, we believe that the PMI flash can have some influence on cryptocurrency prices. However, it's important to note that the crypto market is highly volatile and influenced by various factors. While economic indicators like the PMI flash can provide some insights, they should be considered alongside other fundamental and technical analysis. It's crucial for investors to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.
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