Bitcoin briefly moved above $85,500 after softer-than-expected U.S. inflation data, but later pulled back as U.S. Treasury yields remained elevated. BTC was trading around $83,700 in the latest report. ๏ฟฝ ๎ˆ

CoinDesk +1

The interesting part is the contrast:

๐Ÿ“Œ Softer inflation supported risk assets

๐Ÿ“Œ Bitcoin briefly crossed $85K

๐Ÿ“Œ Higher Treasury yields then limited the move

๐Ÿ“Œ Binanceโ€™s latest weekly update says $BTC is testing the $81Kโ€“$83K area ๏ฟฝ

Binance

So the story right now isn't simply about price โ€” macroeconomic data and bond yields are also influencing Bitcoin's moves.

What do you think is the most important BTC story right now โ€” price action or macro news? ๐Ÿ‘€๐Ÿ‘‡