@july In some cases, changes in regulatory policies, like tax laws or approval of Bitcoin ETFs, have had a significant impact on crypto prices. More than macroeconomic factors in the short term. But macroeconomics still plays a crucial role in the long run.

Regulatory policies and macroeconomics both influence crypto prices. Short-term changes often driven by regulations like tax laws or ETF approvals, while long-term trends are shaped by macroeconomic factors. Balancing both is key for understanding the market dynamics.