10x Research: Bitcoin Poised to Hit New High If This Week's US Inflation Data Meets Expectations

BlockBeats News, May 12th, according to CoinDesk, 10x Research stated that the market widely expected the April U.S. CPI year-over-year growth rate to remain unchanged at 2.4%.

「If this expectation comes true, the market may consider this inflation report as good news. Unless there is negative tariff news, this week's inflation data may become a catalyst for Bitcoin's rise,」 said 10x Research founder Markus Thielen in an interview.

「CPI data could be bullish, or it could propel Bitcoin to a new high,」 he added.