Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields
60-second summary
Bitcoin spikes past $79,000 as US CPI data meets expectations, pushing bond yields to a 22‑year high and prompting US equities to turn green. The inflation readout signals that price pressures remain elevated, reinforcing the narrative that higher‑interest‑rate environments can boost Bitcoin’s appeal as a non‑correlated asset, potentially sustaining bullish momentum in the crypto market.
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.