Which cryptocurrencies are most affected by the exchange rate between GBP and USD?

3 answers

• Dec 30, 2021 · 3 years ago
  The exchange rate between GBP and USD can have a significant impact on various cryptocurrencies. Cryptocurrencies that are most affected by this exchange rate include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are widely traded against both GBP and USD, making them more susceptible to fluctuations in the exchange rate between these two currencies. Traders and investors closely monitor the GBP-USD exchange rate as it can influence the value of these cryptocurrencies in the market. In addition to these major cryptocurrencies, other altcoins such as Bitcoin Cash (BCH), Cardano (ADA), and Stellar (XLM) can also be influenced by the GBP-USD exchange rate, although to a lesser extent. It's important to note that the impact of the exchange rate on cryptocurrencies can vary depending on market conditions and other factors. Overall, when considering the exchange rate between GBP and USD, it's crucial to keep an eye on the major cryptocurrencies like BTC, ETH, XRP, and LTC, as they tend to be more responsive to fluctuations in this exchange rate.
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• Dec 30, 2021 · 3 years ago
  The exchange rate between GBP and USD plays a significant role in the cryptocurrency market. Cryptocurrencies that are most affected by this exchange rate include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are widely traded against both GBP and USD, making them more vulnerable to changes in the exchange rate between these two currencies. Traders and investors closely monitor the GBP-USD exchange rate as it can impact the value of these cryptocurrencies. Other altcoins like Bitcoin Cash, Cardano, and Stellar can also be influenced by the GBP-USD exchange rate, although to a lesser extent. It's important to consider the exchange rate when trading or investing in cryptocurrencies, as it can have a direct impact on their value.
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• Dec 30, 2021 · 3 years ago
  When it comes to the exchange rate between GBP and USD, several cryptocurrencies are particularly sensitive. Bitcoin, Ethereum, Ripple, and Litecoin are among the most affected by this exchange rate. These cryptocurrencies have a high trading volume against both GBP and USD, making them more susceptible to fluctuations in the exchange rate between these two currencies. Traders and investors closely monitor the GBP-USD exchange rate as it can significantly impact the value of these cryptocurrencies. Additionally, altcoins like Bitcoin Cash, Cardano, and Stellar can also be influenced by the GBP-USD exchange rate, although to a lesser degree. It's important to keep an eye on the exchange rate when considering investments in these cryptocurrencies.
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