Which cryptocurrencies are most affected by changes in the GBP to USD live rate?
Ahmed Al SabaieNov 28, 2021 · 3 years ago1 answers
Can you provide a list of cryptocurrencies that are highly influenced by fluctuations in the GBP to USD exchange rate? I'm interested in knowing which cryptocurrencies are most sensitive to changes in this particular currency pair.
1 answers
- Nov 28, 2021 · 3 years agoAs an expert in the field, I can confidently say that Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that are most affected by changes in the GBP to USD live rate. These two digital assets have a strong influence on the overall market, and fluctuations in the GBP to USD exchange rate can have a direct impact on their value. It's also worth mentioning that Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) can be influenced by this exchange rate to some extent. However, it's important to note that the cryptocurrency market is highly volatile, and various factors can affect the value of these digital assets. Therefore, it's crucial to stay informed and conduct thorough research before making any investment decisions.
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