Which cryptocurrencies are most affected by changes in the euro árfolyam?

3 answers

• Dec 15, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin and Ethereum are among the most affected by changes in the euro árfolyam. These two cryptocurrencies have the highest market capitalization and are widely traded against the euro. Therefore, any significant fluctuations in the euro exchange rate can have a substantial impact on their prices. Additionally, since Bitcoin and Ethereum are considered as the leading cryptocurrencies, they often serve as indicators for the overall market sentiment, making them even more sensitive to changes in major fiat currencies like the euro.
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• Dec 15, 2021 · 3 years ago
  When it comes to the euro árfolyam, it's important to consider the trading volume and liquidity of cryptocurrencies. Cryptocurrencies with higher trading volume against the euro, such as Ripple and Litecoin, are more likely to be affected by changes in the euro exchange rate. This is because a larger trading volume means there are more buyers and sellers in the market, leading to increased price volatility. On the other hand, less popular cryptocurrencies with lower trading volume may not be as influenced by euro fluctuations.
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• Dec 15, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a digital currency exchange, the cryptocurrencies most affected by changes in the euro árfolyam are Bitcoin, Ethereum, and Ripple. These three cryptocurrencies have consistently shown a strong correlation with the euro exchange rate. This means that when the euro strengthens or weakens, the prices of Bitcoin, Ethereum, and Ripple tend to follow suit. It's important for traders and investors to keep an eye on the euro árfolyam when dealing with these cryptocurrencies, as it can significantly impact their profitability and investment decisions.
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