@04delft
Macroeconomic data such as employment reports or Consumer Price Index (CPI) numbers play a significant role in shaping market sentiment. Strong employment figures or low inflation often indicate a healthy economy, which may lead investors to favor traditional assets like stocks or bonds, causing a shift away from riskier assets like cryptocurrencies. Conversely, high inflation or weak economic data can drive demand for alternative stores of value, such as Bitcoin, seen as a hedge against inflation. Thus, the crypto market is sensitive to these data points as they influence broader investor behavior and expectations for central bank policies.
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