22	Macroeconomic data such as global GDP growth and inflation rates can affect the cryptocurrency market. A high GDP growth rate usually indicates a strong economy, which may lead to more risk - taking by investors, potentially increasing the inflow of capital into the cryptocurrency market. High inflation rates may also make investors look for alternative stores of value, and cryptocurrencies like Bitcoin may be considered. However, if the central banks respond to inflation by raising interest rates, it can also lead to a reduction in capital flowing into the cryptocurrency market as traditional financial assets become more attractive.