Hester HennebergJan 01, 2022 · 3 years ago5 answers Can foreign currency rates be used to predict cryptocurrency market trends?
Is it possible to use foreign currency rates as a predictor for cryptocurrency market trends? Can the fluctuations in exchange rates of major currencies such as USD, EUR, and GBP provide insights into the future movements of cryptocurrencies? How reliable is this approach and what factors should be considered when using foreign currency rates to predict cryptocurrency prices?