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

Blockbeats
05-12

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.

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