Which digital currencies are affected the most by the fluctuation in value between Canadian money and US money?

1 answers

• Mar 22, 2022 · 3 years ago
  At BYDFi, we have observed that digital currencies such as Bitcoin, Ethereum, and Litecoin are among the most affected by the fluctuations in the exchange rate between the Canadian dollar and the US dollar. This is because these currencies have a large user base in both countries and are commonly traded against both the Canadian dollar and the US dollar. When the exchange rate between the two currencies changes, it can lead to significant price movements in these digital currencies. Traders and investors who are active in the Canadian and US markets should closely monitor the exchange rate between the Canadian dollar and the US dollar to make informed decisions about their digital currency investments.
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