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

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

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) returned to $79,000 on Friday after key US inflation data broadly conformed to expectations.

Key points: Data from TradingView showed renewed BTC price volatility ensuing after the August release of the Consumer Price Index (CPI), which came in at 3.4% year-on-year.

  After initially dropping to $76,000, BTC/USD quickly reversed upward, gaining more than 3% on the day.

The move echoed US equities, which also turned green after a weak start to the session.

This was catalyzed by CPI conforming to expectations only a day after the Producer Price Index (PPI) overshot.

The S&P 500 was up 1% at the time of writing, while the tech-heavy Nasdaq Composite Index gained 1.1%.

On the back of the CPI print, the 30-year yield whipsawed, first reaching its highest levels since June 2004 before falling to 5.309%.

“This is a nervous market,” trading resource The Kobeissi Letter summarized in a response on X.

As WTI crude oil continued to circle $100 per barrel, the impact of the expanding US-Iran war and associated oil-supply squeeze was noticeable in the CPI numbers.

Analiz: Piyasa hareketliliği devam ediyor.