US CPI Data Sparks Risk-Asset Upside as Bitcoin Eyes $80,000 Mark

US CPI Data Sparks Risk-Asset Upside as Bitcoin Eyes $80,000 Mark

US CPI data delivers upside to crypto and risk assets while US 30-year bond yields briefly spike to their highest since June 2004.

Bitcoin Targets $80K as US CPI Lifts Bond Yields to 22-Year High

Bitcoin rebounded to around $79,000 on Friday after US core inflation data came in broadly in line with expectations, helping ease pressure across risk assets earlier in the session. The relief rally, however, unfolded against a backdrop of sharp moves in US bond yields—an environment market participants say can still make it harder for BTC [...]

Bitcoin Price Spikes Near $80K as CPI Matches Forecasts

Bitcoin briefly spiked to $79,837 following the release of August CPI data that matched projections, but volatile intraday trading triggered over $732 million in crypto liquidations. Volatile Trading Triggers $732M in Liquidations Bitcoin briefly reclaimed $79,000 Friday after the U.S. Bureau of Labor Statistics released August Consumer Price Index (CPI) data that aligned with economists’ […]

Bitcoin, ether rise as inflation data does little to alter Fed interest rate outlook

Bitget analyst Lewis Huang noted the divergence between headline inflation accelerating on energy while core inflation continues to ease.

Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields

Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.