10x Research: Bitcoin’s recent failure to break through may be due to nervousness before the CPI announcement
ChainCatcher news, according to CoinDesk, 0x Research founder Markus Thielen said in an interview that investors do not need to over-interpret Bitcoin’s recent breakthrough failure. This situation may represent the situation before the release of the US Consumer Price Index (CPI). Tension.
It added that Wall Street's technology-heavy Nasdaq index rose on Tuesday, providing a positive signal for Bitcoin and other risk assets, which means that Bitcoin's decline may be short-lived.
Note: The US Bureau of Labor Statistics will release March 2024 CPI data today at 20:30.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin bulls favored in $22.6B BTC monthly options expiry, but bears still lurk
OranjeBTC Bitcoin Purchase Hits $385M in Latin America
Native Markets Launches USDHL Stablecoin on Hyperliquid with Surging Initial Volume
In Brief USDHL, developed by Native Markets, launched on Hyperliquid with strong initial trading. The stablecoin is backed by cash, U.S. Treasury securities, and issues on HyperEVM. USDHL aims to retain liquidity and support ecosystem growth within Hyperliquid.
Pyth announces the launch of Pyth Pro: Reshaping the market data supply chain
Pyth Pro aims to provide institutions with a transparent and comprehensive data perspective, covering all asset classes and geographic regions in global markets, eliminating inefficiencies, blind spots, and rising costs in the traditional market data supply chain.
Trending news
MoreCrypto prices
More
