Macroeconomic Factors Impacting Cryptocurrencies: Bitcoin and Altcoins

user avatar

by Giorgi Kostiuk

2 years ago

Alphractal released a report shedding light on the impact of macroeconomic changes on the cryptocurrency market.

Effective Federal Funds Rate and Its Impact

Alphractal's report highlights the decline in the Effective Federal Funds Rate (EFFR) and its historical correlation with major economic events. Declining EFFR levels often signal crises or shifts in monetary policy.

Monitoring Economic and Crypto Indicators

It is crucial to monitor both macroeconomic metrics and crypto-specific indicators to predict market movements. Market reactions to changes in the EFFR may take months to manifest.

Whale Interest and Altcoins

The report also examines whale interest, highlighting assets that attract significant investments. Data indicates bullish sentiment, with whales taking long positions in ARKM, ALICE, and short positions in BNB, PEPE, TRX, ENA.

The Alphractal report underscores the importance of considering economic changes to predict fluctuations in the crypto market, including Bitcoin and altcoins.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OpenAI Announces $1 Billion Commitment to Cybersecurity

OpenAI announced a $1 billion commitment to enhance cybersecurity measures through its AI program, Daybreak, aimed at providing subsidized access to advanced AI tools for defenders of critical infrastructure.

user avatarSatoshi Nakamura

Elon Musk Proposes Merger of SpaceX and Tesla

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a merger that could create a corporation valued at approximately $35 trillion.

user avatarJesper Sørensen

Standard Chartered to Acquire Zodia Custody

Standard Chartered has signed definitive agreements to acquire Zodia Custody Limited, enhancing its digital asset safekeeping services.

user avatarRajesh Kumar

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

Probly Wraps Up Successful Sponsorship at TOKEN2049 Singapore

Probly successfully participated as a Gold Sponsor at TOKEN2049 Singapore, cohosting the WHALE3RA Afterparty with ecosystem partners.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.