Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall
60-second summary
Bitcoin briefly spikes above $85,000 after a cooler‑than‑expected PCE report, but the rally evaporates as Treasury yields linger near 2002 highs, keeping pressure on risk assets. The short‑lived pop highlights how sensitive Bitcoin’s price is to macro‑economic cues, and sustained high yields could continue to cap further upside in the cryptocurrency market.
A cooler-than-expected PCE report sent bitcoin briefly above $85,000 on Wednesday. Treasury yields held near their highest since 2002 and the gains drained away.