Which cryptocurrencies are most affected by the nonfarm payrolls calendar data?

1 answers

• Jaykant NayakMay 21, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can say that the nonfarm payrolls calendar data does have an impact on the prices of cryptocurrencies. However, the extent of the impact can vary depending on various factors such as market sentiment, overall economic conditions, and the specific cryptocurrency in question. While Bitcoin and Ethereum are generally considered to be more sensitive to macroeconomic data like the nonfarm payrolls, other cryptocurrencies like Litecoin and Cardano may be less affected. It's important to analyze the historical price movements and market trends of each cryptocurrency to better understand their response to the nonfarm payrolls calendar data.
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