According to ChainCatcher, DLNews reported that the March report released by Ark Invest showed that the agency believes that the price of Bitcoin is still in the early to mid-stage of the bull market compared with past cycles.
In addition, the agency is also optimistic about the performance of Bitcoin scaling solutions (such as Rollup and sidechains) in this round, believing that this track has been strong since the second half of 2023. Given factors such as Bitcoin's price appreciation, these trends may continue in the current bullish cycle.
Regarding the CPI data, the agency believes that the negative impact of this CPI directly affects market liquidity and risk tolerance, so in theory it can limit speculative trading activities in the crypto market. However, for example, the upcoming halving event and the inflow of funds from US spot Bitcoin ETFs may help support the price of Bitcoin in the short to medium term.
