CoinScoopBitcoin Retreats from $85,000 as Treasury Yields Weigh on Market Sentiment
Bitcoin briefly surpassed $85,000 following favorable U.S. PCE inflation data but retreated as 10-year Treasury yields remained elevated near 5.3%. Analysts suggest that while cooling inflation supports risk assets, high yields continue to act as a significant resistance to further price gains.
Summaries are written by AI from the original article. Not investment advice.