Founder of 10x Research: Bitcoin’s recent failure to break through may be short-lived

According to BlockBeats, 10x Research founder Markus Thielen said in an interview with Coindesk that investors do not need to over-interpret Bitcoin’s recent breakthrough failure. He believes the failed breakout may represent jitters ahead of the release of the U.S. Consumer Price Index (CPI). Meanwhile, Wall Street's tech-heavy Nasdaq index rose on Tuesday, providing a positive signal for Bitcoin and other risk assets. In other words, Bitcoin’s decline may be short-lived. The U.S. Bureau of Labor Statistics will release March 2024 CPI data at 20:30 Beijing time tonight.