#Bitcoin ’s soft-inflation pop to $85,500 fades as bond yields refuse to fall.
A cooler-than-expected PCE inflation report briefly pushed Bitcoin above $85,000 on Wednesday, giving traders fresh hope that inflation could be easing. However, the move quickly lost momentum as U.S. Treasury yields remained near their highest levels since 2002.
Higher bond yields continue to put pressure on risk assets like Bitcoin, making the recent rally difficult to sustain. As yields stayed elevated, Bitcoin’s gains faded and the price moved back from the $85,500 area.
For now, traders are closely watching Treasury yields, upcoming economic data, and expectations for future interest-rate decisions to see whether Bitcoin can regain its momentum.
A cooler-than-expected PCE inflation report briefly pushed Bitcoin above $85,000 on Wednesday, giving traders fresh hope that inflation could be easing. However, the move quickly lost momentum as U.S. Treasury yields remained near their highest levels since 2002.
Higher bond yields continue to put pressure on risk assets like Bitcoin, making the recent rally difficult to sustain. As yields stayed elevated, Bitcoin’s gains faded and the price moved back from the $85,500 area.
For now, traders are closely watching Treasury yields, upcoming economic data, and expectations for future interest-rate decisions to see whether Bitcoin can regain its momentum.
