How Do Global Economic Events Impact Crypto Prices?
Global economic events can have a significant influence on cryptocurrency prices:

Inflation: In times of high inflation, investors often turn to assets like Bitcoin as a hedge, causing an increase in its price.
Interest Rates: When central banks raise interest rates, traditional investments like bonds and stocks may become more attractive, potentially decreasing crypto demand.
Geopolitical Tensions: Events like wars or political instability can lead to increased demand for decentralized assets like crypto as people seek alternatives to traditional financial systems.
Keeping an eye on global economic indicators can help you predict how macroeconomic factors might affect your crypto portfolio.