10x Research: Bitcoin Poised to Hit New Highs if US Inflation Data Meets Expectations This Week
According to a report by Jinse Finance, 10x Research states that the market generally expects the year-on-year growth rate of the US CPI in April to remain unchanged at 2.4%. "If this expectation comes true, the market may view this inflation report as positive news. Unless there is negative tariff news, this week's inflation data could become a catalyst for Bitcoin's rise," said Markus Thielen, founder of 10x Research, in an interview. "The CPI data could potentially be favorable and may drive Bitcoin to reach new highs," he added.
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