Search results for 10x Research
Crypto
U.S. inflation above 4 percent adds downside pressure on bitcoin and gold
U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.
Crypto
Bitcoin shows rebound signals as altcoin momentum stalls
Bitcoin is flashing a series of bullish on-chain signals as it trades above $81,000, with short-term holder loss pressure falling to zero and other cycle indicators turning positive. Analysts also cited sustained profit-taking without a sharp price drop. Some measures suggest altcoin trading interest is improving, but 10x Research said momentum has stalled near the 30-day moving average and volumes are declining again.
Crypto
Bitcoin dominance tops 60 percent as altcoin bottom calls emerge
Bitcoin continues trading above its 7-day and 30-day moving averages and its market dominance has climbed above 60 percent. Markus Thielen, founder of 10x Research, called this a short- to medium-term bullish signal, citing institutional buying and larger corporate treasury holdings. He pointed to the possibility of a U.S. strategic reserve announcement as a key variable. Thielen also said some altcoins appear to be forming a bottom.
