If the United States CPI results meet expectations next month, Bitcoin could be heading for a new all-time high, according to a cryptocurrency analyst.
) will need to see a slowdown in United States inflation when results are released next month before it can consider surpassing its all-time highs reached in March, according to a crypto analyst.
This represents a 0.1 percentage point decrease from the previous CPI result, which came in at 3.4% on May 15. Thielen believes that in these two weeks before the May CPI results are released, spot Bitcoin exchange-traded funds inflows will “remain strong” in anticipation.
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