Which digital currencies are most affected by changes in the DXY stock price?

1 answers

• Dec 27, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, has observed that certain cryptocurrencies, such as Ripple and Litecoin, have shown a higher sensitivity to changes in the DXY stock price. This can be attributed to various reasons, including their integration with traditional financial institutions and their focus on cross-border transactions. However, it's important to note that the correlation between the DXY stock price and digital currencies can fluctuate over time, and it's always advisable to conduct thorough research and analysis before making any investment decisions.
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