PANews reported on May 12 that according to CoinDesk, 10x Research said that the market generally expects the year-on-year growth rate of US CPI in April to remain unchanged at 2.4%. "If this expectation comes true, the market may regard this inflation report as good news. Unless there is negative tariff news, this week's inflation data may become a catalyst for Bitcoin's rise," said Markus Thielen, founder of 10x Research, in an interview. "The CPI data is likely to be bullish and may push Bitcoin to a new high," he added.