Global GDP growth rate affects the cryptocurrency market as during periods of high growth, investors may have more disposable income to invest in risk - assets like cryptocurrencies, driving up demand and prices. In contrast, during economic recessions, investors may shift to safer assets, causing cryptocurrency prices to decline. Inflation also plays a role. High inflation may lead investors to seek alternative stores of value like Bitcoin, as it has a limited supply. However, if central banks respond to inflation by raising interest rates significantly, it can make traditional investments more attractive relative to cryptocurrencies, reducing their demand and price.