Bitcoin
Bitcoin Rebounds Past $79K Post-CPI as Long-Term Yields Surge
Bitcoin regained ground alongside US equities after inflation data, even as bond yields and interest rate hike bets climbed.
Bitcoin rebounded above $79,000 on Friday following an initial drop to $76,000 after the US Consumer Price Index showed annual inflation at 3.4%. Core CPI rose 0.3% month-on-month, above the 0.2% expected by analysts, with gasoline prices up 3.9% and overall energy costs climbing 2.1% amid high oil prices.
US equities mirrored the recovery, with the S&P 500 up 1% and the Nasdaq Composite rising 1.1% as markets absorbed the figures. However, bond markets experienced sharp volatility, with the 30-year US Treasury yield briefly reaching its highest level since June 2004 before retreating to 5.309%.
The inflation print prompted derivatives traders to raise the implied probability of a Federal Reserve rate hike at the September 16 meeting to 85%. An analysis from QCP cited in the report cautioned that elevated Treasury yields and monetary policy tightening could present headwinds for Bitcoin.
These two are not the same thing, and one does not produce the other. The left is how this single article reads, from its tone alone. The right is the site’s own call on the asset, from indicators and analysis. Press tone feeds no score and no signal: on the only corpus this site has measured, daily tone tracked the move that had already happened and showed no measurable link with what followed.
More on Bitcoin All pieces →
- Sell Spot Bitcoin ETFs Record $462.6 Million in Net Weekly Outflows
- Sell Markets Price 87% Probability of Federal Reserve Rate Hike at September Meeting
- Sell Liquid Network Restarts After $320 Million Exploit While Peg-Outs Stay Disabled
- Sell Bitcoin Balances on Binance Reach Two-Year High Above 693,000 BTC
Rewritten from the headline, the teaser and the one-line summary the qualification step produced — that is all the material there is, and nothing is added to it. The source link is kept on file so any item can be checked, and is not published here.
