Shaw HyllestedDec 28, 2021 · 3 years ago3 answers How does benchmark pricing affect the value of digital currencies?
Can you explain how benchmark pricing impacts the value of digital currencies? I'm curious to know how the pricing of benchmarks, such as Bitcoin, Ethereum, or other major cryptocurrencies, affects the overall value of the digital currency market. How do these benchmarks influence the prices of other cryptocurrencies? Are there any specific factors or mechanisms that determine this relationship?