📉 Bitcoin’s $85,500 pop fades as bond yields stay elevated
Bitcoin briefly jumped above $85,500 after softer-than-expected U.S. inflation data, but the move quickly lost momentum.
BTC is now around $83,700, with Treasury yields remaining near elevated levels.
🔹 PCE inflation: 3.4% YoY
🔹 Core PCE: 3.0%
🔹 10Y Treasury yield: ~5.28%
🔹 30Y Treasury yield: ~5.62%
The softer inflation print boosted risk appetite, but elevated bond yields continue to weigh on Bitcoin’s upside.
#dyor #NFA✅
Bitcoin briefly jumped above $85,500 after softer-than-expected U.S. inflation data, but the move quickly lost momentum.
BTC is now around $83,700, with Treasury yields remaining near elevated levels.
🔹 PCE inflation: 3.4% YoY
🔹 Core PCE: 3.0%
🔹 10Y Treasury yield: ~5.28%
🔹 30Y Treasury yield: ~5.62%
The softer inflation print boosted risk appetite, but elevated bond yields continue to weigh on Bitcoin’s upside.
#dyor #NFA✅