What are the two digital currencies that have a major impact on all digital currencies?
They are **Bitcoin** and **Ethereum**. Here's an overview of the impact of each:
1. **Bitcoin**:
- **General Impact**: Bitcoin is the first and most popular digital currency, and is often seen as the leading indicator of the digital market as a whole. When the price of Bitcoin rises, the rest of the cryptocurrencies usually follow, and vice versa.
- **Market value**: Bitcoin has the largest market value among digital currencies, making it the main influential force in the market.
2. **Ethereum**:
- **Technical Impact**: Ethereum is not just a digital currency, it is a platform for smart contracts and decentralized applications. Innovations and updates in the Ethereum network can significantly impact the digital market as a whole.
- **Market Cap**: Ethereum is ranked second in terms of market cap after Bitcoin, which also makes it a major player in the market.
In general, the movements and prices of Bitcoin and Ethereum have a noticeable impact on the rest of the cryptocurrencies due to their heavy weight in the market and the innovations they bring to the digital space.
