10x Research: Tariff shocks and inflation data interrupt Bitcoin's rally, expected to fall below $80,000 this week

Odaily Planet Daily News According to 10x Research analysis, the Bitcoin rally momentum of the past three weeks has weakened. Higher-than-expected core PCE (personal consumption expenditures) data showed rising inflation - partly driven by Trump's tariff policy - which seems to be affecting consumer confidence. One-year inflation expectations jumped to 5.0%, weakening the performance of risky assets, and Bitcoin is expected to fall below $80,000 this week. Multiple risk-averse factors may put pressure on the stock market and spread to the cryptocurrency market. Analysis pointed out that Trump initially hinted at mild tariff measures, but his position has shifted to a more radical one. Previously, the market generally believed that tariffs would take time to implement, leaving room for negotiations. However, this expectation reversed last week, and the market became increasingly worried that tariffs might be implemented first, followed by a long negotiation process. In addition, weak ISM manufacturing PMI may exacerbate market pressure. If US employment data remains strong, it may delay the Fed's intervention. The VIX (fear index) remains low, indicating that many traders may underestimate the recent downside risks.