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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes: May Consider Increasing Holdings if ZEC Drops to the $300-$350 Range
Fed Mouthpiece: Fed's Disagreement on December Rate Cut Is Growing
Trending news
MoreVCI Global plans to spend 100 million USD to acquire Oobit tokens (OOB) from the Tether-backed crypto payment company Oobit
The US House of Representatives will vote at 5 a.m. tomorrow to decide whether to end the government shutdown, while several altcoin ETFs are awaiting SEC approval to be listed.
Crypto prices
More
