In a recession, cryptocurrencies may face challenges as investors cut back on risk - taking. However, if seen as a hedge against inflation, there may be opportunities. In a recovery, more funds may flow into the market. Macroeconomic data affects expectations. For example, high inflation may increase the attractiveness of cryptocurrencies. To construct a model, factors like GDP, inflation, and interest rates can be used as independent variables, and cryptocurrency prices as the dependent variable. Historical data can be analyzed using regression analysis to find relationships and predict future price movements based on macroeconomic forecasts.