10xResearch: Bitcoin’s Year-to-Date Performance Falls Far Short of Expectations as Market Awaits July 15 CPI Release

According to an analysis published by 10x Research, despite over $63 billion in liquidity flowing into the crypto market, Bitcoin has only risen by 13% year-to-date, significantly underperforming expectations. Inflation has dropped from 3.5% in April 2024 to a steady 2.4% for three consecutive months, below the Federal Reserve Chair Powell’s earlier warning of above 3%. Meanwhile, the unemployment rate has remained stable at 4.2% over the past year, dispelling concerns about a deteriorating labor market. As the inflation window triggered by tariffs narrows, all eyes are now on the upcoming CPI release scheduled for July 15.