What are the factors that influence the USD kurs in the cryptocurrency market?

1 answers

• Nov 29, 2021 · 3 years ago
  The USD kurs in the cryptocurrency market is influenced by various factors. One of the key factors is the trading volume of USD in cryptocurrency exchanges. Higher trading volume indicates a higher demand for USD, which can lead to an increase in its value. Another factor is the overall market capitalization of cryptocurrencies. If the market capitalization increases, it can lead to a decrease in the value of USD as more investors are holding cryptocurrencies. Additionally, the interest rates set by central banks can also impact the USD kurs. Higher interest rates can attract more investors to hold USD, leading to an increase in its value. Lastly, the overall economic stability and geopolitical events can also influence the USD kurs. Economic instability or political tensions can cause investors to seek safe-haven assets like USD, leading to an increase in its value. In conclusion, the USD kurs in the cryptocurrency market is influenced by trading volume, market capitalization, interest rates, and economic stability.
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