Which cryptocurrencies have been affected by the historical exchange rate between yen and USD?

3 answers

• Dec 22, 2021 · 3 years ago
  Certainly! The historical exchange rate between the yen and USD has had a noticeable impact on several cryptocurrencies. Bitcoin, being the most popular and widely traded cryptocurrency, has been affected by these fluctuations. As the exchange rate between the yen and USD changes, the value of Bitcoin in both currencies also fluctuates. Other cryptocurrencies such as Ethereum, Ripple, and Litecoin have also been influenced by the exchange rate between these two fiat currencies. It's important to note that the impact may vary depending on the specific time period and the magnitude of the exchange rate changes.
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• Dec 22, 2021 · 3 years ago
  Oh boy, let me tell you, the exchange rate between the yen and USD has caused quite a stir in the cryptocurrency world! Bitcoin, the big daddy of all cryptocurrencies, has definitely felt the effects of these currency fluctuations. When the yen strengthens against the dollar, the value of Bitcoin in yen terms increases, and vice versa. Ethereum, Ripple, and Litecoin have also been affected by this exchange rate rollercoaster. So, if you're keeping an eye on these cryptocurrencies, make sure to keep an eye on the yen and USD exchange rate as well!
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• Dec 22, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can confirm that the historical exchange rate between the yen and USD has impacted various cryptocurrencies. Bitcoin, being the dominant player in the market, has experienced significant price movements due to fluctuations in the exchange rate. Ethereum, Ripple, and Litecoin have also been affected, albeit to a lesser extent. It's worth mentioning that BYDFi, a leading cryptocurrency exchange, provides real-time data on the exchange rate between the yen and USD, making it easier for traders to stay informed about these market dynamics.
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