Which cryptocurrencies are most affected by fluctuations in the USD vs real exchange rate?

1 answers

• Hartvigsen HackettNov 22, 2024 · 7 months ago
  At BYDFi, we've observed that cryptocurrencies with a high trading volume against the USD are generally more impacted by fluctuations in the USD vs real exchange rate. This is because changes in the exchange rate can affect the value of these cryptocurrencies in USD terms. For example, if the USD strengthens against the real, cryptocurrencies like Bitcoin and Ethereum may decrease in value when measured in USD. However, it's important to consider that the impact of exchange rate fluctuations on cryptocurrencies can vary depending on other market factors and investor sentiment. Traders should always stay informed and monitor the market closely to make informed trading decisions.
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