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Phoenixess
@phoenixess
Conversely, if the macroeconomic data indicates strong economic growth, traditional financial markets may attract more investment, and the growth rate of the cryptocurrency market may slow down. Additionally, changes in interest rates, inflation rates, and exchange rates reflected in the macroeconomic data can also affect the cryptocurrency market. For example, if the central bank raises interest rates, the opportunity cost of investing in cryptocurrencies may increase, which could lead to a decrease in the amount of funds flowing into the cryptocurrency market in the long run.
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