Which cryptocurrencies are influenced by the trend of euro and sterling pound?

3 answers

• Mar 18, 2022 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin and Ethereum are two of the most prominent digital currencies that are influenced by the trend of the euro and sterling pound. These cryptocurrencies often experience price fluctuations in response to changes in the value of these fiat currencies. It's important to note that the relationship between cryptocurrencies and fiat currencies is complex and can be influenced by various factors.
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• Mar 18, 2022 · 3 years ago
  When it comes to the impact of the euro and sterling pound on cryptocurrencies, it's not just limited to Bitcoin and Ethereum. Other popular digital currencies such as Ripple, Litecoin, and Bitcoin Cash can also be influenced by the trend of these fiat currencies. Traders and investors often keep a close eye on the value of the euro and sterling pound as it can provide insights into potential price movements in the cryptocurrency market.
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• Mar 18, 2022 · 3 years ago
  At BYDFi, we have observed that several cryptocurrencies are influenced by the trend of the euro and sterling pound. While Bitcoin and Ethereum remain the most prominent ones, other digital currencies such as Ripple, Litecoin, and Bitcoin Cash also show a correlation with these fiat currencies. It's important for traders to consider the impact of major fiat currencies when making investment decisions in the cryptocurrency market.
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