BTC price: Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall
Summary
Bitcoin traded just above $83,700 in Thursday’s Asian session after briefly reaching $85,500 following softer-than-expected U.S. inflation data. The gains faded as Treasury yields remained near multi-decade highs, with the 10-year yield around 5.28%. HYPE rose 3% and DOGE nearly 2%, while most major tokens posted smaller gains; SOL fell nearly 1%. A research analyst said cooling inflation reduced expectations of another October Federal Reserve rate increase and supported risk assets, but a sustained decline in yields would likely be needed for Bitcoin to hold a further rally. U.S. equity futures and Asian stocks advanced, while the dollar strengthened.
