🇺🇸 Bitcoin’s surge to $85,500 fades as inflation cools quickly disappears when bond yields don’t fall
A PCE report lower than expected pushed bitcoin higher, exceeding $85,000 in a short period on Wednesday. U.S. Treasury bond yields remain near their highest levels since 2002, causing the rapid rally to fizzle out.
Source: CoinDesk
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
A PCE report lower than expected pushed bitcoin higher, exceeding $85,000 in a short period on Wednesday. U.S. Treasury bond yields remain near their highest levels since 2002, causing the rapid rally to fizzle out.
Source: CoinDesk
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
