Bitcoin’s soft-inflation pop to $85,500 fades as bond yields refuse to fall
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.
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Summary
- Bitcoin traded just above $83,700 after briefly topping $85,500 on a softer-than-expected U.S. inflation report.
- Persistently high Treasury yields erased much of crypto’s advance, with the 10-year yield near 5.3 percent and the 30-year yield close to its highest level since 2002.
- HYPE and Dogecoin led major cryptocurrencies higher, while Solana slipped nearly 1 percent and XRP was unchanged.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
