The Chicago Mercantile Exchange (CME) has released a research report on the ETHBTC exchange rate, stating that the trends in technology stocks, the strength of the US dollar, and the supply of BTC are key factors.
2023-07-28 08:28
Odaily News: The Chicago Mercantile Exchange has released a research report on the ETHBTC exchange rate. The report points out that there are three key factors that affect the ETHBTC rate: the performance of technology stocks, the strength of the US dollar, and the supply of BTC. A rise in technology stocks is more favorable for BTC to strengthen, while the US dollar has a stronger negative impact on BTC. ETHBTC is more sensitive to the supply of BTC than ETH.
In addition, the exchange rate is also strongly linked to the macroeconomic situation. In 2020, when quantitative easing was implemented, ETH experienced a larger increase, while during the period of interest rate hikes and balance sheet reduction, BTC gained strength. Several bank collapses have led the market back to the original vision of BTC.
In addition, the exchange rate is also strongly linked to the macroeconomic situation. In 2020, when quantitative easing was implemented, ETH experienced a larger increase, while during the period of interest rate hikes and balance sheet reduction, BTC gained strength. Several bank collapses have led the market back to the original vision of BTC.
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