CoinScoopBitcoin Price Pulls Back to $83,500 as Treasury Yields Weigh on Sentiment
Bitcoin retreated to approximately $83,500 after peaking at $85,500 following softer-than-expected US PCE inflation data. Despite nine consecutive days of inflows into Bitcoin ETFs, rising long-term Treasury yields—with the 30-year rate hitting 5.62%—continue to pressure non-yielding assets. The market is currently monitoring these rates ahead of Friday's US employment data.
Summaries are written by AI from the original article. Not investment advice.