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

1 answers

• Dec 27, 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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