Bitcoin Tops $85,500 Then Slips to $83,700 as 10-Year Treasury Yield Hits 5.29%
- —Bitcoin hit $85,500 before falling roughly 2% to $83,700
- —August core PCE was 3.0% vs. 3.3% expected; headline PCE was 3.4%
- —10-year Treasury yield closed at 5.29%, 30-year at 5.64%
- —HYPE gained 3%, DOGE 2%, while SOL fell 1% and XRP was flat
Why it matters: Softer inflation cut October rate-hike odds, but elevated long-term yields are capping bitcoin's upside above $85,000.
Source: TokenPost