ramesh kumarNov 24, 2021 · 3 years ago8 answersWhich cryptocurrencies are most affected by fluctuations in the £ vs $ exchange rate?
In the world of cryptocurrencies, the exchange rate between the British pound (£) and the US dollar ($) can have a significant impact. Which cryptocurrencies are the most susceptible to fluctuations in this exchange rate? How does the pound-dollar exchange rate affect the value of different cryptocurrencies? Are there any specific factors or mechanisms that make certain cryptocurrencies more sensitive to these fluctuations than others? What strategies can investors employ to mitigate the risks associated with these currency fluctuations?
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