Which cryptocurrencies are most affected by fluctuations in the US dollar?

3 answers

• Dec 29, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin and Ethereum are the two most affected digital currencies when it comes to fluctuations in the US dollar. These two cryptocurrencies have the largest market capitalization and are often seen as the benchmark for the entire cryptocurrency market. Therefore, any significant changes in the value of the US dollar can have a direct impact on the prices of Bitcoin and Ethereum.
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• Dec 29, 2021 · 3 years ago
  When it comes to the impact of the US dollar on cryptocurrencies, it's important to consider not only the direct influence but also the overall market sentiment. While Bitcoin and Ethereum may be the most affected by fluctuations in the US dollar, other cryptocurrencies like Ripple, Litecoin, and Bitcoin Cash can also experience significant price movements in response to changes in the value of the US dollar. It's crucial for investors to closely monitor the relationship between the US dollar and various cryptocurrencies to make informed trading decisions.
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• Dec 29, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a leading digital currency exchange, the cryptocurrencies that are most affected by fluctuations in the US dollar are Bitcoin, Ethereum, and Ripple. These three digital currencies have shown a strong correlation with the value of the US dollar over the past year. However, it's important to note that correlation does not necessarily imply causation. While the US dollar can influence the prices of these cryptocurrencies, there are also other factors at play, such as market demand and investor sentiment.
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