• I: Lower-than-expected U.S. inflation briefly lifted Bitcoin above $85,000 because it reduced concerns about another near-term Fed rate hike.

  • But high U.S. Treasury yields kept pressure on risk assets, so Bitcoin’s gains faded back toward $83,700.

  1. Bottom line: Softer inflation was positive for Bitcoin, but persistently high bond yields limited the rally.#BitcoinFundingRateTriplesTo10% $NVDA.US