Summary
- Analysts have warned that Bitcoin could face bearish conditions in January due to macro headwinds.
- They highlighted that difficulties are expected in the risk asset market due to the Federal Reserve's hawkish stance and the surge in Treasury yields.
- The strong performance of U.S. economic data has lowered expectations for a rate cut, which could negatively impact Bitcoin investments.
Bitcoin (BTC) has experienced a sharp decline over the past two days, prompting analysts to warn cryptocurrency traders that "January could be a dangerous month." According to CoinDesk, a cryptocurrency-focused media outlet, analysts have noted that "macro headwinds for risk assets are expected due to the Federal Reserve's hawkish stance, a surge in long-term Treasury yields, entrenched inflation figures, and the potential for a U.S. government shutdown." Additionally, they mentioned that "due to the strong performance of U.S. economic data, such as the ISM Non-Manufacturing Purchasing Managers' Index released on the 7th, investors have lowered their expectations for a rate cut this year." Meanwhile, BTC is trading at $94,246.19, down 2.19% from the previous day, as of 05:02 on the 9th, based on the Binance Tether (USDT) market. 
JH Kim
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