Does macroeconomy influence the crypto market?

[Fidelia]

I am just wondering if the macro economic indicators like taxation and unemployment affect the crypto market? Someone said that it is when people have jobs that they are able to invest in crypto. That means unemployment affects the crypto market. True or False?

 

[Kross]

Interest rate is one macroeconomic variable that would influence the crypto market. Lowered interest rates lead to loss of value in the crypto market.

 

[Suba]

The United States as the center of the global economy has a great influence on the movement of crypto prices, so the policies of the Fed and SEC will affect things like inflation rates, interest rates, monetary and fiscal policies.

 

[riberet19]

Of course yes, it is one of the factors that actually influences the behavior of the crypto market the most, everything is related in the financial markets, and macroeconomics is a great influencer in the entire financial market.