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What is the impact of aus dollar fluctuations on the value of cryptocurrencies?

avatarSylwia XxxNov 26, 2021 · 3 years ago1 answers

How do fluctuations in the Australian dollar affect the value of cryptocurrencies?

What is the impact of aus dollar fluctuations on the value of cryptocurrencies?
Cryptocurrencies
Aus Dollar
Fluctuations

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we closely monitor the impact of aus dollar fluctuations on the value of cryptocurrencies. While it is true that the value of cryptocurrencies can be influenced by the strength or weakness of the Australian dollar, it is important to note that cryptocurrencies are a global asset class and their value is influenced by a wide range of factors. Therefore, it is crucial to consider the broader market dynamics and not solely rely on aus dollar fluctuations when making investment decisions in cryptocurrencies.

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