Which cryptocurrencies are most affected by the current dollar trend?

1 answers

• johnbutler5May 10, 2024 · a year ago
  At BYDFi, we've observed that the current dollar trend does have an impact on the cryptocurrency market. However, it's important to note that the extent of the impact can vary depending on various factors. Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are generally considered to be less affected by the dollar trend compared to stablecoins like Tether (USDT). This is because Bitcoin and Ethereum have their own unique market dynamics and are influenced by a wide range of factors. Nevertheless, it's always a good idea to keep an eye on the dollar trend and its potential impact on the cryptocurrency market when making investment decisions.
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