10X Research: If this week's US inflation data meets expectations, bitcoin is expected to reach new highs

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.