But why is the market responding negatively? because when the news was announced, a few minutes later the price of BTC actually dropped by about 3%
What I can confirm:
- Changing from 3.7 to 3.5 is not considered significant, and therefore is not considered a positive indicator for the economy.
- Continuation of monetary policy and the rise in interest equations that will make the expansion of the economy discouraging.
- Energy problems and the temptation of high interest.
- Decline in the unemployment rate should be an indicator globally and in several countries to indicate the end of the recession.
What I can confirm is that there is no direct correlation between the bitcoin price and macroeconomic indicators.