The recent fluctuation in the Ethereum (ETH) market has drawn attention. Some believe that lower-than-expected US Non-farm Payrolls (NFP) data can indicate a long positions market, but this oversimplified inference may mislead investors. Looking back to August 2024, the NFP data was 140,000, below the expected 160,000, yet Ethereum fell by 29% that month. This phenomenon indicates that there is no simple causal relationship between a single economic indicator and the crypto assets market.
The complexity of the market far exceeds the impact of a single data point. Short-term price fluctuations
The complexity of the market far exceeds the impact of a single data point. Short-term price fluctuations
ETH-5.17%