Bitcoin Tumbles Due to Inflation, Not Strategy

Bitcoin's recent price decline is primarily attributed to selling pressure from ETFs following elevated U.S. inflation figures in April, according to 10x Research analyst Markus Thielen. He suggests that the cryptocurrency's potential recovery may be closely tied to the upcoming Consumer Price Index (CPI) data scheduled for release on Wednesday. Investors are closely monitoring macroeconomic indicators, as inflation continues to be a significant factor influencing the digital asset market. The market's reaction to this data will likely shape Bitcoin's short-term trajectory.