Which cryptocurrencies are most affected by changes in the EUR/USD live rate?

3 answers

• Jonny LloydOct 24, 2024 · a year ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin (BTC) and Ethereum (ETH) are the two most affected digital currencies by changes in the EUR/USD live rate. These two cryptocurrencies have the highest trading volumes and are often used as a benchmark for other digital assets. When the EUR/USD rate fluctuates, it can have a significant impact on the value of Bitcoin and Ethereum, causing their prices to rise or fall accordingly. Other cryptocurrencies may also be influenced to some extent, but BTC and ETH are the ones most closely tied to this exchange rate.
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• SJuniorNov 03, 2020 · 5 years ago
  When it comes to the impact of the EUR/USD live rate on cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) are the big players. These two digital currencies are widely recognized and have the largest market capitalizations in the crypto space. As a result, any changes in the EUR/USD rate can have a ripple effect on their prices. Traders and investors closely monitor this exchange rate as it can provide insights into the overall market sentiment and potential price movements of BTC and ETH. However, it's important to note that other cryptocurrencies can also be influenced by this rate, albeit to a lesser extent.
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• Darshana kakadeJun 19, 2021 · 5 years ago
  According to my analysis, Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that are most affected by changes in the EUR/USD live rate. These two digital assets have established themselves as the leaders in the crypto market and are often seen as safe havens during times of economic uncertainty. As a result, when the EUR/USD rate experiences significant fluctuations, investors tend to flock towards BTC and ETH, causing their prices to react accordingly. It's worth mentioning that other cryptocurrencies can also be impacted by this exchange rate, but BTC and ETH are the ones that usually exhibit the strongest correlation.
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