Odaily Planet Daily News 10x Research's Markus Thielen said most market participants expect the inflation rate in the report released by the U.S. Census Bureau on February 12 to pump 2.9% year-on-year. However, he said that the U.S. Truflation inflation index (real-time inflation tracking indicator) has dropped from 3.0% to 2.1%, indicating that inflation pressure "may be easing faster than expected". He said: "If CPI unexpectedly falls to 2.7% or 2.8%, Bitcoin may experience a Rebound."
If the Bitcoin price pumps another $10,000, it will reach $105,491, only 3.5% lower than the historical high of $109,000 set on the eve of Trump's inauguration on January 20th. (Cointelegraph)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10x Research: Decreased inflation may trigger a new round of BTC Rebound
Odaily Planet Daily News 10x Research's Markus Thielen said most market participants expect the inflation rate in the report released by the U.S. Census Bureau on February 12 to pump 2.9% year-on-year. However, he said that the U.S. Truflation inflation index (real-time inflation tracking indicator) has dropped from 3.0% to 2.1%, indicating that inflation pressure "may be easing faster than expected". He said: "If CPI unexpectedly falls to 2.7% or 2.8%, Bitcoin may experience a Rebound." If the Bitcoin price pumps another $10,000, it will reach $105,491, only 3.5% lower than the historical high of $109,000 set on the eve of Trump's inauguration on January 20th. (Cointelegraph)