Bitcoin (BTC), Ethereum (ETH) and altcoins continue to rise with the support of the trade agreement between the US and China, while investors are wondering whether this enthusiastic atmosphere will continue.
At this point, the analysis company 10X Research stated that if the April US CPI data meets expectations, it is expected that BTC will continue its rise.
Markus Thielen, the founder of 10x Research, speaking to Coindesk, stated that if the CPI data, which is closely monitored by the FED while making interest rate decisions, aligns with expectations, it is likely that Bitcoin will rise.
"If inflation expectations come in as anticipated, the market may view the inflation report as good news. As long as there is no negative tariff news, this week's inflation data could be a catalyst for Bitcoin's rise."
Thus, a continued softening in the CPI could increase expectations for a FED interest rate cut and provide a rise catalyst for BTC to reach record levels above 110,000 dollars.
Thielen also noted that this could trigger further rise for Bitcoin as long as there are no renewed concerns regarding tariffs.
According to Markus Thielen, the prevailing expectation in the market is focused on the inflation data remaining steady at 2.4% in April.
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The US-China Agreement Ignited Bitcoin! So When Is the New ATH Coming? Analysis Company Announced!
Bitcoin (BTC), Ethereum (ETH) and altcoins continue to rise with the support of the trade agreement between the US and China, while investors are wondering whether this enthusiastic atmosphere will continue.
At this point, the analysis company 10X Research stated that if the April US CPI data meets expectations, it is expected that BTC will continue its rise.
Markus Thielen, the founder of 10x Research, speaking to Coindesk, stated that if the CPI data, which is closely monitored by the FED while making interest rate decisions, aligns with expectations, it is likely that Bitcoin will rise.
Thielen also noted that this could trigger further rise for Bitcoin as long as there are no renewed concerns regarding tariffs.
According to Markus Thielen, the prevailing expectation in the market is focused on the inflation data remaining steady at 2.4% in April.