The impact mechanism of policy analysis on the encryption market (taking US retail sales data as an example)
The encryption market (such as Bitcoin, Ethereum, etc.) is significantly influenced by macroeconomic policies, especially the Federal Reserve's monetary policy, market risk appetite, and changes in dollar liquidity. As a key economic indicator, the performance of U.S. retail sales data will affect encryption asset prices through the following channels:
1. Direct Impact Pathways
1. Monetary policy expectations → encryption market liquidity
- If retail data exceeds expectations (e.g., ≥0.
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