Bitcoin (BTC) is expected to face a challenging January due to macroeconomic headwinds, according to analysts at Coindesk. The cryptocurrency has suffered a second day of losses, and analysts are warning traders that the month could be risky. They cite several factors that could weigh on risk assets, including: Hawkish central banks Rising long-term Treasury yields Sticky inflation readings The potential for a U.S. government shutdown Investors have pared back bets on rate cuts this year, particularly after upbeat U.S. economic data such as Friday's ISM non-manufacturing purchasing managers' index report. This suggests that the Federal Reserve may continue to raise interest rates aggressively, which could hurt risk assets like BTC. Analysts recommend that traders exercise caution in January and avoid taking excessive risks. They suggest waiting for more clarity on the macroeconomic outlook before making any significant bets.

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