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What is the correlation between the PMI flash and cryptocurrency prices?

avatarLittle LakeNov 26, 2021 · 3 years ago1 answers

Can you explain the relationship between the PMI flash and the prices of cryptocurrencies in detail?

What is the correlation between the PMI flash and cryptocurrency prices?
PMI Flash
Cryptocurrency Prices
Correlation

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At 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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