Are there any correlations between the NBER recession indicator and cryptocurrency price movements?

3 answers

• Jenkins EvansJul 24, 2023 · 2 years ago
  Yes, there can be correlations between the NBER recession indicator and cryptocurrency price movements. During economic downturns, investors may seek alternative investments such as cryptocurrencies, which can lead to increased demand and potentially higher prices. However, it's important to note that correlation does not imply causation, and other factors such as market sentiment and regulatory developments also play a significant role in cryptocurrency price movements.
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• Brad SakevichOct 21, 2024 · a year ago
  Absolutely! The NBER recession indicator and cryptocurrency price movements can be correlated. When the economy is in a recession, investors may turn to cryptocurrencies as a hedge against traditional financial assets. This increased demand can drive up the prices of cryptocurrencies. However, it's important to remember that correlation does not necessarily mean causation, and other factors like market sentiment and technological advancements also influence cryptocurrency prices.
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• Bathroom Tiling MelbourneJun 30, 2025 · 5 months ago
  As an expert at BYDFi, I can tell you that there can be correlations between the NBER recession indicator and cryptocurrency price movements. During economic downturns, cryptocurrencies can serve as a safe haven investment, attracting investors looking to diversify their portfolios. This increased demand can lead to higher cryptocurrency prices. However, it's crucial to consider other factors such as market sentiment and regulatory changes that can also impact cryptocurrency prices.
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