Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs
macro
Bitcoin rose after cooler-than-expected PCE inflation data boosted expectations that the Federal Reserve may ease its policy stance, despite bond yields reaching two-decade highs. The move highlights Bitcoin’s sensitivity to both inflation trends and interest-rate expectations, with lower anticipated rates supporting risk-asset demand. However, elevated yields remain a headwind and could limit the rally if markets continue pricing restrictive monetary policy.
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