10x Research: If US inflation data meets expectations this week, Bitcoin is expected to hit a new high again

On May 12th, according to CoinDesk, 10x Research reported that the market generally expects the year-on-year growth rate of US CPI in April to remain unchanged at 2.4%. If this expectation comes true, the market may consider 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, "Markus Thielen, founder of 10x Research, said in an interview. The CPI data may be bullish, or it may push Bitcoin to a new high, "he added.