What are the key events on the US calendar that crypto traders should pay attention to?

3 answers

• Dec 16, 2021 · 3 years ago
  As a crypto trader, you should keep an eye on major economic indicators such as the release of non-farm payroll data, GDP reports, and inflation figures. These events can provide insights into the overall health of the US economy, which can have a significant impact on the cryptocurrency market. For example, positive economic data may lead to increased investor confidence and potentially drive up the price of cryptocurrencies. On the other hand, negative economic data can create uncertainty and cause a decline in crypto prices. It's important to analyze the correlation between economic events and the crypto market to make informed trading decisions.
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• Dec 16, 2021 · 3 years ago
  Crypto traders should also pay attention to regulatory announcements and hearings related to cryptocurrencies in the US. The decisions made by regulatory bodies such as the SEC or CFTC can have a direct impact on the legality and adoption of cryptocurrencies. For instance, a positive regulatory development, such as the approval of a Bitcoin ETF, can lead to increased investor interest and potentially drive up prices. Conversely, negative regulatory news, such as stricter regulations or bans, can create fear and uncertainty, causing a decline in crypto prices. Stay updated on regulatory news and be prepared to adjust your trading strategy accordingly.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we believe that crypto traders should also keep an eye on major tech events and announcements in the US. For example, the launch of new blockchain projects, partnerships between crypto companies and established tech giants, or the release of innovative crypto-related products can generate excitement and drive up prices. Additionally, events like conferences, hackathons, and industry gatherings provide opportunities to network, learn from experts, and stay updated on the latest trends. Stay connected with the crypto community and be on the lookout for tech events that can impact the market.
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