✉news BusinessCrypto first seen 7 h ago, last 1 h ago, peak #2
Bitcoin's rally to $85,500 fades as yields stay high
Original: BTC price: Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall
Bitcoin briefly climbed to $85,500 after a softer-than-expected inflation reading, but the gains faded as bond yields failed to fall. Traders had hoped cooler inflation would push yields lower, boosting risk assets like crypto. Instead, stubborn yields kept pressure on Bitcoin, which gave back much of its pop, leaving markets cautious about the strength of any near-term recovery.
Why now: Softer inflation data briefly boosted Bitcoin, but rising bond yields quickly reversed the gains, sparking debate over crypto's macro outlook.
Evidence
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