April U.S. CPI Data Could Boost Bitcoin, Says 10x Research

According to Odaily, 10x Research has indicated that the market widely expects the U.S. Consumer Price Index (CPI) growth rate for April to remain steady at 2.4% year-over-year. Markus Thielen, founder of 10x Research, stated in an interview that if this expectation holds true, the market might interpret the inflation report as positive news. He noted that unless negative tariff news emerges, this week's inflation data could act as a catalyst for Bitcoin's rise. Thielen further added that the CPI data might be favorable and could potentially drive Bitcoin to new highs.