The Market Breakdown

The Market Breakdown

Cryptos rally impulsively as inflation continues to decelerate

Where Bitcoin goes, so goes the crypto market

Christopher Inks's avatar
Christopher Inks
Jan 17, 2023
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Inflation continued to decelerate in December for the sixth month in a row. The December CPI report, releasted last thursday, notched an annual rise of only 6.5% as was the consensus expectation. This was a drop of 0.1% from the previous month, and a significant drop from the 9.1% peak earlier last year.

The CME FedWatch tool shows the market currently …

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