Which cryptocurrencies are most affected by fluctuations in the EUR/USD exchange rate?

3 answers

• Nov 26, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) are often the most affected by fluctuations in the EUR/USD exchange rate. This is mainly due to their high market capitalization and widespread adoption. As the EUR/USD exchange rate changes, it can have a significant impact on the value of these cryptocurrencies. Other major cryptocurrencies like Ripple (XRP) and Litecoin (LTC) can also be influenced by such fluctuations, although to a lesser extent.
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• Nov 26, 2021 · 3 years ago
  Well, let me break it down for you. Bitcoin (BTC) and Ethereum (ETH) are the big players in the cryptocurrency market, and they tend to be more sensitive to changes in the EUR/USD exchange rate. This is because they have a larger user base and are more widely traded. So, if you're keeping an eye on the EUR/USD exchange rate, it's worth paying attention to how it might impact the value of Bitcoin and Ethereum.
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• Nov 26, 2021 · 3 years ago
  From my experience at BYDFi, I've observed that Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that are most affected by fluctuations in the EUR/USD exchange rate. This is because they are the most widely recognized and traded cryptocurrencies. However, it's important to note that other cryptocurrencies can also be influenced by these fluctuations, although to a lesser extent. So, it's always a good idea to keep an eye on the EUR/USD exchange rate if you're involved in the cryptocurrency market.
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