Which cryptocurrencies are most influenced by the dollar to pound exchange rate today?

3 answers

• Dec 27, 2021 · 3 years ago
  When it comes to the impact of the dollar to pound exchange rate on cryptocurrencies, Bitcoin and Ethereum are often the most influenced. As the two largest and most widely traded cryptocurrencies, they tend to be more sensitive to major currency fluctuations. However, it's important to note that the influence can vary depending on other market factors as well.
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• Dec 27, 2021 · 3 years ago
  The dollar to pound exchange rate can have a significant impact on the value of cryptocurrencies, especially those with strong ties to the UK market. Cryptocurrencies like Ripple (XRP) and Stellar (XLM) have partnerships with UK-based financial institutions, which makes them more susceptible to changes in the exchange rate. Additionally, any cryptocurrencies that are primarily traded on UK-based exchanges may also be influenced by this exchange rate.
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• Dec 27, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a digital currency exchange, the cryptocurrencies most influenced by the dollar to pound exchange rate today are Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies have shown a strong correlation with the exchange rate and tend to experience significant price movements when the rate fluctuates. It's important for investors to keep an eye on this exchange rate if they are trading these cryptocurrencies.
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