Bitcoin fails to hold $85,000 breakout as bond yields spike after PCE data
- —Core PCE for August was 3.0% year over year, headline 3.4%
- —US 10-year Treasury yield rose to 5.276%
- —Bitcoin fell back below $84,000, still up 0.56% over 24 hours
- —BEA revised personal income and outlays data back to January 2021
Why it matters: Rising Treasury yields pressure risk assets, and Bitcoin needs to hold the $82,000–83,000 zone to avoid a deeper correction.
Source: CryptoSlate