Macroeconomy Guides

With the Federal Reserve maintaining a hawkish stance and the risk of a U.S. recession remaining, the odds of a cryptocurrency bull run in 2023 are fading.

Cryptocurrency traders are closely watching the U.S. government's monthly inflation report for signs that the Federal Reserve's tightening of monetary policy this year will help slow the pace of rising consumer prices.

Bitcoin, cryptocurrency, and speculative risk assets are anticipating a dovish signal from Jerome Powell ahead of the release of new CPI data on Jan. 12.