How did the non farm payroll dates in 2016 affect the digital currency market?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we observed that the non farm payroll dates in 2016 had a noticeable impact on the digital currency market. On dates when the non farm payroll report showed positive job growth, we saw increased trading activity and higher prices for digital currencies. This can be attributed to the positive economic outlook and increased investor confidence. Conversely, on dates when the report showed negative job growth, we observed a decrease in trading volumes and lower prices for digital currencies. It's important for traders and investors to stay informed about major economic events like the non farm payroll dates as they can have a significant impact on the digital currency market.
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