Blame bitcoin's tumble on rising inflation, not Strategy, 10xResearch argues

Bitcoin's selloff below $60,000 was driven by institutional ETF selling after hot April U.S. inflation data, not by Strategy's bitcoin sale, 10x Research's Markus Thielen argued. Since the May 12 CPI report, U.S. bitcoin ETFs saw $5.4 billion in net redemptions. Bitcoin's rebound may depend on Wednesday's CPI data.