10X Research said that the market generally expects the year-on-year growth rate of the US CPI to remain unchanged at 2.4% in April.
"If this expectation comes true, the market may see this inflation report as positive news. Barring negative tariff news, this week's inflation data could be a catalyst for bitcoin to rise," Markus Thielen, founder of 10x Research, said in an interview.
"The CPI data could be bullish and could push bitcoin to new highs," he added.
10X Research: If this week's US inflation data meets expectations, bitcoin is expected to reach new highs
2025-05-12 06:41:06
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