Which cryptocurrencies are most affected by changes in the DXY ticker?

1 answers

• Anthony GarciaOct 19, 2022 · 3 years ago
  At BYDFi, we've observed that cryptocurrencies with strong ties to the US market, such as Bitcoin (BTC) and Ethereum (ETH), are often influenced by changes in the DXY ticker. These cryptocurrencies have significant trading volume in USD pairs and are considered as benchmarks in the crypto market. As a result, fluctuations in the DXY ticker can have a ripple effect on their prices. However, it's important to remember that the cryptocurrency market is highly volatile and influenced by multiple factors. Therefore, it's advisable to consider a range of indicators and conduct thorough analysis before drawing conclusions about the impact of DXY changes on specific cryptocurrencies.
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