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

1 answers

• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, has observed that cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are particularly sensitive to fluctuations in the USD/CHF exchange rate. As the exchange rate between the US dollar and the Swiss franc changes, it can have a direct impact on the value and performance of these cryptocurrencies. Investors who are trading these cryptocurrencies should closely monitor the USD/CHF exchange rate and consider its potential impact on their investments. It's important to note that the correlation between the USD/CHF exchange rate and cryptocurrencies can vary over time, and it's advisable to consult with a financial advisor or conduct thorough research before making any investment decisions.
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