Which digital currencies are most affected by changes in the EUR/USD forex pair?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we have observed that the digital currencies most affected by changes in the EUR/USD forex pair are Bitcoin, Ethereum, and Ripple. These cryptocurrencies have shown a consistent correlation with the currency pair, and their value and trading volume tend to be influenced by its fluctuations. Traders on our platform often take the EUR/USD pair into consideration when making trading decisions involving these digital currencies. However, it's important to conduct thorough research and analysis before making any investment decisions, as the cryptocurrency market can be highly volatile.
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