Which cryptocurrencies are most affected by the exchange rate between Euro and Dollar?

3 answers

• Dec 18, 2021 · 3 years ago
  The exchange rate between the Euro and the Dollar can have a significant impact on the value of cryptocurrencies. Cryptocurrencies that are most affected by this exchange rate include Bitcoin, Ethereum, and Ripple. These cryptocurrencies are widely traded against both the Euro and the Dollar, so any fluctuations in the exchange rate can directly impact their value. It's important for investors to closely monitor the exchange rate between these two currencies to make informed decisions about their cryptocurrency investments.
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• Dec 18, 2021 · 3 years ago
  When it comes to the exchange rate between the Euro and the Dollar, cryptocurrencies like Bitcoin, Ethereum, and Litecoin are among the most affected. These cryptocurrencies have a large trading volume in both Euro and Dollar markets, which makes them more susceptible to fluctuations in the exchange rate. Traders and investors who are interested in these cryptocurrencies should pay close attention to the exchange rate between the Euro and the Dollar to better understand how it may impact their investments.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are highly influenced by the exchange rate between the Euro and the Dollar. This is because these cryptocurrencies have a strong presence in both Euro and Dollar markets, and any changes in the exchange rate can directly affect their value. Traders and investors should keep a close eye on the Euro-Dollar exchange rate to make informed decisions about their cryptocurrency portfolios.
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