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

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On May 12, according to CoinDesk, 10x Research stated that the market generally expects the year-on-year US CPI growth rate 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 are 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.

"CPI data could be bullish and may drive Bitcoin to a new high," he added.

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