Bitcoin Holds Near $83K as Traders Await US Inflation Data
- —Bitcoin at $83,330: up 0.6% daily, down 2.9% weekly
- —US spot Bitcoin ETFs took in $21.13 million on Friday
- —10-year Treasury yield at 5.24%, 30-year at 5.60%
- —Odds of an October 28 Fed hike fell to 19.4%
Why it matters: Upcoming US inflation data will shape Fed rate expectations and Bitcoin's direction: a break above $85,600 opens the way to $87,395, while a drop below $82,000 risks a move toward $79,000.
Source: Decrypt