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How does PMI impact the performance of cryptocurrencies?

avatarBalamurali MDec 16, 2021 · 3 years ago1 answers

What is the relationship between PMI (Purchasing Managers' Index) and the performance of cryptocurrencies? How does PMI affect the price and market sentiment of cryptocurrencies?

How does PMI impact the performance of cryptocurrencies?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we closely monitor the impact of PMI on the performance of cryptocurrencies. While PMI can provide valuable insights into the overall economic health and market sentiment, it is just one of the many factors we consider in our analysis. We believe that a comprehensive approach, taking into account various indicators and factors, is crucial for understanding and predicting the performance of cryptocurrencies.