According to analysts at QCP Capital, the crypto market may remain in a holding pattern as traders await key developments in late January. Despite the announcement of a Crypto Regulatory Task Force by the US Securities and Exchange Commission, the market has continued to drift lower. The analysts suggest that the market will likely stay range-bound until there is more clarity on how the recent weak Consumer Price Index (CPI) reading has influenced the Federal Reserve's upcoming policy decisions. Inflows into spot Bitcoin exchange-traded funds in the US also experienced a slowdown on January 22 as BTC retraced back to around $102,000. The market is expected to gain more clarity in February.



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