$BTC Experts from the analytical company 10x Research announced that the first cryptocurrency will return to growth, shortly after reports appeared that annual consumer inflation in the United States slowed from 3.4% to 3.3% in May.
The news has already stimulated Bitcoin growth by 2%. The 10x Research team urged investors to hold on to Bitcoin while avoiding Ether and other altcoins.
“Our previous analysis showed: a decrease in the consumer price index, as a rule, leads to an increase in the rate of the first cryptocurrency. We expect this trend to continue,” the report said.
According to experts, the slowdown in inflation generates a significant influx of capital into shares of spot Bitcoin ETFs. According to analysts at 10x Research, inflows into bitcoin-based exchange-traded funds increased in February, just ahead of the consumer inflation report. Since March 12, when updated figures were released, inflows have been interrupted due to a revision of the Federal Reserve's (FRS) easing path to a more conservative scenario
In the near future, the market will return to its previous regime, don’t panic, friends.