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TagsWhat is the impact of USD/JPY exchange rates on the value of cryptocurrencies?
Abdullah NaheedDec 15, 2021 · 3 years ago1 answersHow does the fluctuation of USD/JPY exchange rates affect the value of cryptocurrencies?
1 answers
- The impact of USD/JPY exchange rates on the value of cryptocurrencies is just one piece of the puzzle. While it can influence short-term price movements, the value of cryptocurrencies is also influenced by a wide range of other factors, such as market demand, technological developments, regulatory changes, and investor sentiment. Therefore, it is important to take a holistic approach when analyzing the value of cryptocurrencies and not rely solely on USD/JPY exchange rates. By considering multiple factors, investors can make more informed decisions and navigate the dynamic cryptocurrency market with greater confidence.Dec 15, 2021 · 3 years ago
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