Which cryptocurrencies are most influenced by changes in the daily euro exchange rate?

3 answers

• Dec 16, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin (BTC) and Ethereum (ETH) are the two most influential digital currencies when it comes to changes in the daily euro exchange rate. These two cryptocurrencies have the largest market capitalization and are widely traded against the euro. Therefore, any significant fluctuations in the euro exchange rate can have a direct impact on the value of Bitcoin and Ethereum. Other cryptocurrencies, such as Ripple (XRP) and Litecoin (LTC), may also be influenced by changes in the euro, but to a lesser extent.
  576288
• Dec 16, 2021 · 3 years ago
  Well, let me break it down for you. Bitcoin and Ethereum are the big players in the crypto world, and they are definitely the ones that are most affected by changes in the euro exchange rate. These two digital currencies have a huge market share and are often used as a benchmark for other cryptocurrencies. So, when the euro goes up or down, you can expect Bitcoin and Ethereum to follow suit. Of course, there are other cryptocurrencies out there that might also be influenced by the euro, but they don't have the same level of impact as BTC and ETH.
  552184
• Dec 16, 2021 · 3 years ago
  According to a recent analysis, Bitcoin and Ethereum are the cryptocurrencies that are most influenced by changes in the daily euro exchange rate. This is because these two digital currencies have the highest trading volume against the euro and are widely accepted in the crypto market. When the euro strengthens or weakens, it affects the value of Bitcoin and Ethereum, leading to price fluctuations. However, it's important to note that the impact of the euro on other cryptocurrencies may vary, depending on their trading pairs and market demand.
  549138