Which cryptocurrencies are most influenced by changes in the eurusd live exchange rate?

1 answers

• Agus HeryOct 25, 2020 · 5 years ago
  According to a study conducted by BYDFi, a digital currency exchange, the cryptocurrencies that are most influenced by changes in the eurusd live exchange rate are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a consistent correlation with the eurusd exchange rate over a significant period of time. The study analyzed historical data and found that when the eurusd exchange rate goes up, the prices of these cryptocurrencies tend to increase as well. Conversely, when the eurusd exchange rate goes down, the prices of these cryptocurrencies tend to decrease. This correlation can be attributed to the fact that these cryptocurrencies are widely traded and have a large user base, making them more sensitive to changes in the global economic landscape.
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