On January 6th, COINOTAG reported insights from Cointelegraph regarding the current dynamics in the crypto market. Markus Thielen, founder of 10x Research, indicated that the early part of January is likely to witness a bullish trend, initially characterized by an upward momentum. However, this positive trajectory may be interrupted by a minor correction ahead of the crucial January 15th release of the Consumer Price Index (CPI) data, which is pivotal for market sentiment.
Following this adjustment, Thielen anticipates another resurgence in crypto prices leading up to the inauguration of Trump. It’s essential to note that caution may be warranted, as the market could face headwinds leading into the January 29th Federal Open Market Committee (FOMC) meeting, where monetary policy shifts could influence trading volumes and investor confidence.