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
Can Zcash Really Follow Bitcoin? This Model Puts ZEC to the Test
TAO Drops 7% After the Raydium Rally: Is a Bigger Move Coming?
Bitcoin: $85M whale buy meets Fed FUD – Is BTC setting up a bear trap?
SHIB Bulls Face a Test as 463 Billion Tokens Move in Just 24 Hours
Crypto prices
More
