10x Research: Tariff shocks and inflation data interrupt Bitcoin's rally, expected to fall below $80,000 this week

Odaily News According to 10x Research, the Bitcoin rally of the past three weeks has lost momentum. Higher-than-expected core PCE (personal consumption expenditures) data showed rising inflation - driven in part by Trump's tariff policy - which appears to be affecting consumer confidence. One-year inflation expectations jumped to 5.0%, weakening the performance of risk assets, and Bitcoin is expected to fall below $80,000 this week. Multiple risk-off factors may put pressure on the stock market and spread to the cryptocurrency market.
Analysts pointed out that Trump initially hinted at mild tariff measures, but his position has turned more radical. Previously, the market generally believed that tariffs would take time to implement, leaving room for negotiations. However, this expectation reversed last week, and the market became increasingly concerned that tariffs might be implemented first, followed by a long negotiation process. In addition, the weak ISM manufacturing PMI may exacerbate market pressure. If US employment data remains strong, it may delay the Fed's intervention. The VIX (fear index) is still low, indicating that many traders may underestimate the recent downside risks.