Bitcoin Poised for a Surge: Positive CPI Data Could Propel Prices Higher

COINOTAG News reports on May 12th that a recent analysis by 10x Research indicates a prevailing consensus in the market regarding the April U.S. Consumer Price Index (CPI), which is projected to hold steady at 2.4% year-over-year. Should this prediction materialize, it may be interpreted as favorable economic news, facilitating a bullish sentiment within the crypto market. Markus Thielen, the founder of 10x Research, emphasized in an interview that unless detrimental tariff developments arise, the anticipated CPI figures could serve as a significant catalyst for Bitcoin’s appreciation. He noted, “The CPI data could act as a bullish indicator, potentially driving Bitcoin to test new highs.” As investors closely monitor these developments, the influence of macroeconomic indicators on cryptocurrency valuations remains a critical focal point.