The recent US-China trade deal has ignited a surge in the cryptocurrency market, with Bitcoin (BTC) and Ethereum (ETH) seeing significant gains. Analysis firm 10X Research predicts this momentum may continue, potentially leading to a new all-time high for Bitcoin if April’s CPI data aligns with expectations. Speaking with Coindesk, 10x Research founder Markus Thielen explains that the market’s response to the CPI report, which will be released this week, could significantly impact Bitcoin’s trajectory. Thielen states that a positive inflation reading might fuel optimism for potential Fed rate cuts and act as a bullish catalyst for BTC to break through its record levels of over $110,000. However, he also notes that continued stability in the CPI report, coupled with no renewed concerns regarding tariffs, is crucial for sustaining this upward trend. 10X Research’s expectations are aligned with market consensus, predicting stable inflation at around 2.4% for April. **This is not investment advice.**