US macro data lifts yields, keeping bitcoin under pressure
- —US durable goods orders flat m/m vs -0.3% expected
- —5-year inflation expectations at 3.4%, above the Fed's 2% target
- —University of Michigan consumer sentiment for September: 48.1 vs 47.5 expected
- —Key bitcoin support at $75,000, a 10% pullback is possible
Why it matters: Rising Treasury yields are curbing inflows into risk assets and could trigger a correction in bitcoin and altcoins.
Source: Bithub