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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.