Which cryptocurrencies are most affected by the exchange rate between Euro and US Dollar?

3 answers

• Dec 27, 2021 · 3 years ago
  The exchange rate between the Euro and the US Dollar can have a significant impact on the value of various cryptocurrencies. Some of the cryptocurrencies that are most affected by this exchange rate include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are widely traded against both the Euro and the US Dollar, making them more susceptible to changes in the exchange rate. Investors and traders closely monitor the exchange rate between these two currencies to make informed decisions about their cryptocurrency investments.
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• Dec 27, 2021 · 3 years ago
  When it comes to the exchange rate between the Euro and the US Dollar, cryptocurrencies like Bitcoin and Ethereum are often the most affected. These cryptocurrencies have a large market capitalization and are widely traded against both the Euro and the US Dollar. As a result, any fluctuations in the exchange rate can have a significant impact on their value. Other cryptocurrencies that may also be influenced by this exchange rate include Ripple, Litecoin, and Bitcoin Cash. It's important for investors to stay updated on the exchange rate between these currencies to make informed investment decisions.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that Bitcoin and Ethereum are the cryptocurrencies that are most affected by the exchange rate between the Euro and the US Dollar. These two cryptocurrencies have the highest market capitalization and trading volume, making them more sensitive to changes in the exchange rate. Other cryptocurrencies that may also be influenced by this exchange rate include Ripple, Litecoin, and Bitcoin Cash. Traders and investors should consider the exchange rate between these currencies when making decisions in the cryptocurrency market.
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