Which cryptocurrencies are influenced the most by changes in the EUR/CHF exchange rate?

3 answers

• Nov 27, 2021 · 3 years ago
  Cryptocurrencies that are most influenced by changes in the EUR/CHF exchange rate are typically those that have a strong presence in the European and Swiss markets. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are widely traded in Europe and Switzerland, making them more sensitive to changes in the EUR/CHF exchange rate. Additionally, stablecoins like Tether (USDT) and DAI may also be influenced as they are often used as a hedge against volatility in traditional fiat currencies like the Euro and Swiss Franc.
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• Nov 27, 2021 · 3 years ago
  When it comes to the EUR/CHF exchange rate, cryptocurrencies with a smaller market capitalization may also be influenced by its fluctuations. These include altcoins like Cardano (ADA), Stellar (XLM), and NEO (NEO). While they may not have the same level of exposure as Bitcoin or Ethereum, they can still be affected by changes in the EUR/CHF exchange rate due to their overall market sentiment and investor behavior.
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• Nov 27, 2021 · 3 years ago
  According to a study conducted by BYDFi, a digital currency exchange, the cryptocurrencies that are most influenced by changes in the EUR/CHF exchange rate are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have a strong correlation with the EUR/CHF exchange rate and tend to experience price movements in response to changes in the exchange rate. It's important to note that while these cryptocurrencies are influenced by the EUR/CHF exchange rate, they are also influenced by other factors such as market demand, investor sentiment, and overall market conditions.
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