Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs

60-second summary

Bitcoin rallies after the Fed’s preferred PCE inflation gauge posts a cooler‑than‑expected reading, pushing rate‑hike odds lower and sending bond yields to 20‑year highs; the cryptocurrency jumps roughly 4% to around $31,800. Traders interpret the softer data as a signal that monetary tightening may ease, boosting risk appetite and supporting broader crypto market optimism.