Which cryptocurrencies are most affected by the fluctuation of GBP and USD exchange rates?

7 answers

• Dec 16, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) are the most affected by the fluctuation of GBP and USD exchange rates. As the two largest and most widely traded cryptocurrencies, they tend to have a strong correlation with major fiat currencies. Any significant movement in GBP or USD can have a noticeable impact on the value of Bitcoin and Ethereum. Other cryptocurrencies that are also influenced to some extent include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). However, it's important to note that the extent of influence may vary depending on market conditions and other factors.
  628314
• Dec 16, 2021 · 3 years ago
  Well, let me tell you, mate. Bitcoin and Ethereum are the big boys in town when it comes to cryptocurrencies affected by the GBP and USD exchange rates. These two blokes have a lot of influence on the market, and any changes in the exchange rates of GBP and USD can send shockwaves through the crypto world. Ripple, Litecoin, and Bitcoin Cash are also worth mentioning, but they don't quite have the same impact as Bitcoin and Ethereum. So, if you're looking to ride the waves of the GBP and USD exchange rates, keep an eye on these cryptocurrencies.
  550184
• Dec 16, 2021 · 3 years ago
  According to our analysis at BYDFi, Bitcoin and Ethereum are the cryptocurrencies that are most affected by the fluctuation of GBP and USD exchange rates. These two digital currencies have a strong correlation with major fiat currencies, and any significant changes in GBP or USD can have a direct impact on their value. Ripple, Litecoin, and Bitcoin Cash are also influenced by these exchange rates, but to a lesser extent. It's important to consider the overall market conditions and other factors when assessing the impact of exchange rate fluctuations on cryptocurrencies.
  576144
• Dec 16, 2021 · 3 years ago
  Bitcoin and Ethereum are the heavyweights in the cryptocurrency world, and they are definitely the ones most affected by the fluctuation of GBP and USD exchange rates. These two digital currencies have a large market capitalization and are widely traded against fiat currencies. As a result, any significant changes in GBP or USD can cause ripples in the value of Bitcoin and Ethereum. Other cryptocurrencies like Ripple, Litecoin, and Bitcoin Cash are also influenced by these exchange rates, but their impact is relatively smaller.
  533107
• Dec 16, 2021 · 3 years ago
  When it comes to cryptocurrencies, Bitcoin and Ethereum are the ones that are most affected by the fluctuation of GBP and USD exchange rates. These two digital currencies have a significant market presence and are often used as a benchmark for other cryptocurrencies. As a result, any changes in GBP or USD can have a domino effect on the value of Bitcoin and Ethereum, causing them to rise or fall. Ripple, Litecoin, and Bitcoin Cash are also influenced by these exchange rates, but their sensitivity is generally lower compared to Bitcoin and Ethereum.
  55493
• Dec 16, 2021 · 3 years ago
  Bitcoin and Ethereum are the top dogs in the cryptocurrency world, and they are the ones that are most affected by the fluctuation of GBP and USD exchange rates. These two digital currencies have a large user base and are widely traded against major fiat currencies. Therefore, any changes in GBP or USD can have a significant impact on the value of Bitcoin and Ethereum. Ripple, Litecoin, and Bitcoin Cash are also influenced by these exchange rates, but their correlation is generally weaker compared to Bitcoin and Ethereum.
  52776
• Dec 16, 2021 · 3 years ago
  Bitcoin and Ethereum are the cryptocurrencies that are most affected by the fluctuation of GBP and USD exchange rates. These two digital currencies have a strong market presence and are often used as a benchmark for other cryptocurrencies. As a result, any changes in GBP or USD can have a ripple effect on the value of Bitcoin and Ethereum. Ripple, Litecoin, and Bitcoin Cash are also influenced by these exchange rates, but their sensitivity is generally lower compared to Bitcoin and Ethereum.
  49662