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Which cryptocurrencies are most affected by the surge in USD?

avatarAthanasios DolmatzisDec 30, 2021 · 3 years ago1 answers

With the recent surge in USD, which cryptocurrencies have been impacted the most? How has this affected their value and market performance?

Which cryptocurrencies are most affected by the surge in USD?
Cryptocurrencies
USD Surge
Market Performance

1 answers

  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, we have observed that cryptocurrencies with strong ties to USD, such as stablecoins and cryptocurrencies pegged to USD, are the most directly affected by the surge in USD. These cryptocurrencies are designed to mirror the value of USD, so any fluctuations in USD will directly impact their value. However, it's worth noting that the overall impact on the cryptocurrency market is not solely determined by USD fluctuations. Factors such as market sentiment, adoption, and technological advancements also play a significant role in shaping the market performance of cryptocurrencies. Therefore, it's important to consider a holistic view when assessing the impact of USD surge on cryptocurrencies.

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