10x Research: Tariff impact and inflation data interrupt Bitcoin's rise, expected to fall below $80000 this week

Odaily Planet Daily News: According to 10x Research analysis, the rebound momentum of Bitcoin in the past three weeks has weakened. The higher than expected core PCE (Personal Consumption Expenditures) data shows an increase in inflation, partly driven by Trump's tariff policies, which seems to be affecting consumer confidence. The one-year inflation expectation has risen to 5.0%, weakening the performance of risk assets, and it is expected that Bitcoin will fall below $80000 this week. Multiple risk aversion factors may put pressure on the stock market and spread to the cryptocurrency market. Analysis suggests that Trump initially hinted at moderate tariff measures, but his stance has shifted towards more aggressive measures. Previously, the market generally believed that the implementation of tariffs would take time and leave room for negotiations. However, this expectation reversed last week, and the market is increasingly concerned that tariffs may be implemented first before a lengthy negotiation process. In addition, the weak ISM manufacturing PMI may exacerbate market pressure. If the US employment data remains strong, it may delay the Federal Reserve's intervention. The VIX (Fear Index) is still at a low level, indicating that many traders may have underestimated the recent downside risks.