Bitcoin (BTC) To Regain Bullish Momentum Before January US CPI Data?

Bitcoin Inflation Data: The crypto market gained bullish momentum with recent interest rate hike that came out on expected lines. However, robust employment growth led to fears of tightening in monetary policy as the Fed continues to insist on containing inflation at 2% target. Meanwhile, the crypto prices found stability at the current levels in January 2023, at the back of a tough year all through 2022. In this context, the U.S. Bureau of Labor Statistics will release the January CPI inflation data on February 14.