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

according to CoinDesk, 10x Research stated that the market generally expects the year-on-year growth rate of the U.S. CPI in April to remain unchanged at 2.4%.

"If this expectation comes true, the market may view this inflation report as good news. Unless there is 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.

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