Bitcoin popped above $85,000 on good inflation news. Then gave it all back. 📉
Here's the full story:
📊 A cooler-than-expected US PCE inflation report sent $BTC briefly above $85,000 on Wednesday
📈 Normally that's the setup for a breakout, lower inflation usually means lower rate pressure
⚠️ But bond yields refused to fall, and the pop faded fast, $BTC is back near $83,700-$84,200
Despite the fade, the bigger picture still looks strong:
🏆 Bitcoin is closing out its best quarter since 2024, and $ETH its best since 2021
📊 Bitcoin ETFs just posted a 9th straight day of inflows, topping $3.1 billion
The lesson here: good news isn't enough on its own right now. Yields are the real gatekeeper for crypto's next move.
Does the quarter's strength carry into Q4, or does the yield pressure finally catch up? 👇
#bitcoin #BTC #CryptoNews #BinanceSquare
Here's the full story:
📊 A cooler-than-expected US PCE inflation report sent $BTC briefly above $85,000 on Wednesday
📈 Normally that's the setup for a breakout, lower inflation usually means lower rate pressure
⚠️ But bond yields refused to fall, and the pop faded fast, $BTC is back near $83,700-$84,200
Despite the fade, the bigger picture still looks strong:
🏆 Bitcoin is closing out its best quarter since 2024, and $ETH its best since 2021
📊 Bitcoin ETFs just posted a 9th straight day of inflows, topping $3.1 billion
The lesson here: good news isn't enough on its own right now. Yields are the real gatekeeper for crypto's next move.
Does the quarter's strength carry into Q4, or does the yield pressure finally catch up? 👇
#bitcoin #BTC #CryptoNews #BinanceSquare