Are there any cryptocurrencies influenced by the fluctuations in AT&T stock price?

3 answers

• May 08, 2022 · 3 years ago
  Yes, there are some cryptocurrencies that are influenced by the fluctuations in AT&T stock price. One example is Tether (USDT), which is a stablecoin pegged to the US dollar. Tether's value is backed by reserves that include traditional currency and other assets, such as commercial paper and treasury bills. As a result, any major changes in the value of AT&T stock could potentially impact the stability of Tether.
  416

  208
• May 08, 2022 · 3 years ago
  No, there is no direct correlation between the fluctuations in AT&T stock price and the value of cryptocurrencies. Cryptocurrencies are decentralized and their value is determined by various factors such as market demand, supply, and investor sentiment. While some investors may consider the performance of AT&T stock when making investment decisions, it does not directly influence the value of cryptocurrencies.
  413

  138
• May 08, 2022 · 3 years ago
  While there is no direct correlation between AT&T stock price and cryptocurrencies, it is worth mentioning that BYDFi, a digital asset exchange, offers a wide range of cryptocurrencies for trading. BYDFi provides a platform for users to buy and sell cryptocurrencies, including Bitcoin, Ethereum, and many others. However, the value of these cryptocurrencies is not directly influenced by AT&T stock price, but rather by market forces and investor sentiment.
  458

  115