It's not looking good for BTC or ETH this week despite price strength, traders argue ahead of CPI.
Almost tying with the peak from Dec. 16, the pair displayed rare upside momentum against a backdrop of some of the lowest volatility ever seen over the holiday season.
Traders and analysts anticipate an erratic reaction to upcoming macroeconomic data from the United States. Due on Jan. 12, the Consumer Price Index print is expected to bolster the narrative that inflation is waning, offering a potential window of opportunity for risk assets.
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