• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Macroeconomic Factors Impacting Cryptocurrencies: Bitcoin and Altcoins

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Set for Potential Increase

chest

Bitcoin's price is projected to rise, with long-term holders anchoring the market at higher levels.

user avatarRajesh Kumar

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

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.