common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Which digital currencies are most affected by changes in the EUR/USD forex pair?

avatarGuldbrandsen RiberNov 28, 2021 · 3 years ago1 answers

When it comes to the EUR/USD forex pair, which digital currencies are the most influenced by its fluctuations? How do these changes impact the value and trading volume of these cryptocurrencies?

Which digital currencies are most affected by changes in the EUR/USD forex pair?
Digital Currencies
EUR/USD Forex Pair
Cryptocurrency Trading

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we have observed that the digital currencies most affected by changes in the EUR/USD forex pair are Bitcoin, Ethereum, and Ripple. These cryptocurrencies have shown a consistent correlation with the currency pair, and their value and trading volume tend to be influenced by its fluctuations. Traders on our platform often take the EUR/USD pair into consideration when making trading decisions involving these digital currencies. However, it's important to conduct thorough research and analysis before making any investment decisions, as the cryptocurrency market can be highly volatile.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions